Major Bank Ratings | Barclays: Upgrades Ratings and Target Prices for LVMH and Kering, Optimistic About Luxury Sector’s “Self-Rescue” Momentum

Gelonghui, May 12 — Barclays has upgraded LVMH's rating from “Equal Weight” to “Overweight,” raising the target price from 575 euros to 600 euros; Kering Group’s rating has been upgraded from “Underweight” to “Equal Weight,” with the target price raised from 255 euros to 300 euros. The bank believes that these two French luxury giants can outperform the market through internal restructuring and brand revitalization strategies, even in an environment of overall sector growth stagnation.