HSBC downgrades LVMH to Hold; target cut to 490
LVMH fell 2.59% in Paris after HSBC downgraded it to Hold from Buy, cutting its target to 490 from 600 and raising sector beta to 1.10 from 1.00. HSBC says H2 2026 may get more difficult.
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LVMH fell 2.59% in Paris after HSBC downgraded it to Hold from Buy, cutting its target to 490 from 600 and raising sector beta to 1.10 from 1.00. HSBC says H2 2026 may get more difficult.