LVMH Should Benefit From Expected U.S., China Recovery -- Market Talk

Dow Jones12-16

1132 GMT - LVMH could leave 2024's trough behind with encouraging green shoots in the U.S. and a potential recovery in China, Stifel analyst Rogerio Fujimori says in a note. As most luxury names, the French conglomerate is grappling with a slowdown in demand, mainly in these two key markets. "We are somewhat encouraged by recent data points for the U.S. holiday season and still expect China to improve sequentially as 2025 progresses," Fujimori says. Stimulus measures might lead to sequentially better trends in China, while momentum in the U.S. could gradually improve after the election, he says. Shares are down 1.1% at 632 euros. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

December 16, 2024 06:33 ET (11:33 GMT)

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Stimulus measures might lead to sequentially better trends in China, while momentum in the U.S. could gradually improve after the election, he says. Shares are down 1.1% at 632 euros. 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