From Morningstar:

Shares in LVMH are up 10% this morning, reaching €86.15 billion on Thursday night, higher than market consensus. Their luxury goods and clothing brands brought in €11.3 billion in Q4 2023, exceeding expectations and easing concerns of economic downturns. Morningstar analyst Jelena Sokolova confirms LVMH’s resilient growth and increased fair value estimate to €670 per share.



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