Analysts lower ratings as tariffs hit luxury brands

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.

- AMBER MURRAY

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.