LVMUY Stock Price and Chart — OTC:LVMUY

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Bernstein noted a decline in momentum for LVMH's core brands and adjusted its forecasts, reducing top-line and EBIT estimates by 5% and 9.2%, respectively.

Bernstein reduced LVMH's target price to EUR 700 from EUR 795, reflecting concerns about the company's performance.

LVMH's Hennessy distillery workers plan a strike on November 28 over fears of relocating cognac bottling to China, as Hennessy considers shipping bulk cognac there due to new tariffs.

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About LVMH

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories for men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.