L'Oreal : Sell-off of luxury stocks: the luxury touch creates a small boomerang effect
>TP cut to € 189: what is the link with the sell-off of luxury stocks? - The abrupt sell-off of luxury stocks over the past 2 days - particularly of LVMH - has prompted us to adjust our TP to € 189 (vs € 205). Our valuation method is unchanged (see table). The main adjustment variable is the derating of luxury stocks and of LVMH. The cause-and-effect relationship might come as a surprise. After all, the drop in LVMH’s share price has no impact on L’Oréal’s fundam...L'Oreal acts as a holding company. Through its subsidiaries, Co. plays a strategic coordination role and scientific, industrial and marketing coordination role on a global basis. Co. develops, manufactures and commercializes products for Skin care, Hair care, Make-up, Perfumes, Toiletries and deodorants, and Oral cosmetics. Co. has three branches: Cosmetics, Body shop and Dermatology. Co.'s principal activities comprise four divisions: Professional Products, Consumer Products, L'Oreal Luxe and Active Cosmetics. The Body Shop branch offers various cosmetics and toiletry products. The Dermatology branch offers topical dermatology prescription, and corrective and aesthetic dermatology.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.