LVMH Moet Hennessy Louis Vuitton SE (NASDAQ:LVMUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage currently has a $64.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.20% from the company’s current price.

According to Zacks, “LVMH Moet Hennessy Louis Vuitton is an international group of companies that is principally engaged in the production and sale of prestigious luxury goods under world-famous brand names. The five different sectors in which the Company operates are: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective retailing. The company has expanded its international retail network all over the world. LVMH Moet Hennessy Louis Vuitton is headquartered in Paris, France. “

Shares of LVMH Moet Hennessy Louis Vuitton SE (LVMUY) traded down 1.43% during trading on Friday, hitting $56.04. The stock had a trading volume of 53,058 shares. The firm has a market cap of $140.83 billion and a P/E ratio of 26.80. LVMH Moet Hennessy Louis Vuitton SE has a 12-month low of $34.55 and a 12-month high of $57.40. The firm has a 50 day moving average price of $54.95 and a 200 day moving average price of $51.32.

TRADEMARK VIOLATION NOTICE: “LVMH Moet Hennessy Louis Vuitton SE (LVMUY) Stock Rating Upgraded by Zacks Investment Research” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/21/lvmh-moet-hennessy-louis-vuitton-se-lvmuy-stock-rating-upgraded-by-zacks-investment-research.html.

About LVMH Moet Hennessy Louis Vuitton SE

LVMH Moet Hennessy Louis Vuitton SE is a luxury goods company. Its business activities are divided into various business groups, including Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective retailing and Other activities. The Company has approximately 70 brands and over 3,950 stores around the world.

Analyst Recommendations for LVMH Moet Hennessy Louis Vuitton SE (NASDAQ:LVMUY)

Receive News & Stock Ratings for LVMH Moet Hennessy Louis Vuitton SE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LVMH Moet Hennessy Louis Vuitton SE and related stocks with our FREE daily email newsletter.