LVMH Stock Forecast! Cautious Analyst Weighs Impact of Armani Deal Rumors
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LVMH is considering the potential acquisition of Armani's beauty and fashion empire following Giorgio Armani's death. Analyst Oliver Chen from TD Cowen maintains a Hold rating on LVMH stock with a price target of €500, indicating a 3.4% downside. He values Armani at $5-7 billion, citing its brand appeal and potential synergies with LVMH. Despite a 9% sales drop in LVMH's Fashion and Leather division, Chen views Armani as an opportunistic deal. LVMH stock has a Moderate Buy rating with a target price of €554.53, reflecting a 7.13% upside.
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