LVMH Gains Momentum: Bank of America Propels LVMH to New Highs with Optimistic Forecast

LVMH Gains Momentum: 8% Rise Follows Bank of America’s Upgrade

Following the optimistic prediction from Bank of America, LVMH leads the CAC40 with an 8% jump. The Bank of America has upgraded LVMH from neutral to buy, raising the price target to 735 euros and adding it to the list of Europe 1 standards.

LVMH Thrives on Rising Luxury Trends and Controlled Costs

According to the broker’s note, luxury trends are steadily rising from their lowest points in the third quarter, cost growth is under control in 2025, and exchange rates have improved. Like all luxury goods firms, LVMH is profiting from the industry’s obsession after its Swiss counterpart Richemont posted quarterly revenues that were the biggest in its history.

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