0716 GMT - A hit from the Middle East conflict can't explain all of LVMH's weakness in the year's first quarter, analysts at Deutsche Bank say. The French luxury giant reported revenue of 19.12 billion euros between January and March, barely higher on year at constant currencies and below analysts' estimates. Part of that was due to the Middle East war, which weighed on the group's divisions. But LVMH also looks to have performed less well in Europe than expected, Deutsche's analysts write in a note to clients. The German bank lowers its target price on the Paris-listed stock by 20 euros to 600 euros, keeping a buy rating. LVMH shares lose 2.6% to 469.05 euros. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
April 14, 2026 03:18 ET (07:18 GMT)
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