LVMH stock watch: Hennessy pay deal and fresh target cuts put Louis Vuitton owner back in focus
LVMH shares closed up 0.8% at 546.90 euros Friday after sharp losses earlier in the week. Hennessy reached a pay deal with unions, offering a one-off payment of up to 6,500 euros per worker, with formal signing expected Tuesday. The CGT union called a new strike for Feb. 3 at Moët & Chandon and Veuve Clicquot. Barclays cut its target price for LVMH to 570 euros.