LVMH yield of 0.7% with a note that Bryan Garnier, which reaffirms its recommendation to ‘buy’ and its intrinsic value (‘fair value’) of 208 euros, but removes the title from its list of preferred values for the first quarter (Q1 top picks list’).
The financial intermediary puts forward the surge in the Stock price over a recent period, with a gain of 32% over the last six months, so it is very close to its highest historic level.
‘Finally, the cautious view of Bernard Arnault to 2017 during the analyst meeting leads us to believe that investors will not be too greedy for the performance of the Stock price of LVMH’, he continues.
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