Luxury takes off: analysts raise LVMH and Kering’s target prices

Luxury takes off: analysts raise LVMH and Kering’s target prices

The forecast has been known for a few weeks and has been coming from different sources. The luxury segment will recover its losses better than expected, mostly thanks to China, but also tanks to the price increments that almost all luxury brands have enacted during the past few months. Swiss bank UBS confirmed the trend…

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