LVMH share price drops 4% as tariff threat and Morgan Stanley downgrade hit luxury stocks
LVMH shares fell 4.3% to €582.80 in Paris on Monday after Morgan Stanley downgraded the stock, citing risks from tariffs and currency swings. The drop followed President Trump’s threat of new U.S. tariffs on European goods. LVMH also agreed to sell its DFS travel retail operations in Hong Kong and Macau for about $395 million. Investors await LVMH’s full-year results next week and the Feb. 1 tariff deadline.