Morgan Stanley analyst downgraded LVMH to Equal Weight from Overweight with an unchanged price target of EUR 635, citing valuation trading at the top of its 20-year range. Lack of catalysts may hinder stock growth. Other analysts raised price targets to EUR 715, EUR 580, EUR 610, and EUR 725 from various firms.

Read more at Yahoo Finance: LVMH downgraded to Equal Weight from Overweight at Morgan Stanley