Lvmh Moet Hennessy Louis Vuitton SE
MC: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| !>^ | LOCK|P& | LOCK|GxPT>!f |
LVMH: Fashion and Leather Weakens as Chinese Demand Wanes; Shares Fairly Valued
We are maintaining our fair value estimate for wide-moat LVMH as we incorporate weakening revenue and reduce our forecasts for 2024 sales and profits. Shares are fairly valued at current levels after losing a third since their 2023 peaks.
