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Analysts lower ratings as tariffs hit luxury brands
The Journal
|April 11, 2025
DEUTSCHE Bank, the city broker, has lowered the target share price for a range of luxury firms as President Donald Trump's tariffs begin to influence analyst predictions.
The broker assigned a 'Hold' rating to Richemont, LVMH, Moncler and Kering, reducing the share price for each company.
"The direct impact of the tariffs is not a huge headwind in our view... However, weaker global stock markets and the broader economic uncertainty will weigh on confidence and we see this further postponing a recovery in luxury demand," analysts commented.
This story is from the April 11, 2025 edition of The Journal.
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