LVMH Drops Following Quick Rally, RBC Still Sees Recovery for Luxury
LVMH Moët Hennessy Louis Vuitton SE shares traded lower in Paris early Wednesday, easing after their recent comeback that had pushed the stock close to €500. Investors took in a new Buy reiteration from RBC while also looking at the group’s projected 2026 losses. Shares listed on Euronext Paris were at €489.90, down 0.49%, according to MarketScreener. LVMH is still up 6.3% over the past five sessions but off about 24% since Jan. 1.