European stocks stable; ASML results, Fed meeting in spotlight By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2025
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Source: Investing.com
European Stock Market Overview: European stock markets showed stability with the DAX index in Germany rising 0.4%, while the CAC 40 and FTSE 100 experienced slight declines, as investors awaited the outcome of the Federal Reserve's policy meeting and the European Central Bank's anticipated rate cut.
Corporate Earnings Impact: Strong earnings from ASML boosted market sentiment, while LVMH and Remy Cointreau faced declines due to disappointing sales growth, amidst concerns over economic conditions in the US and China affecting demand.
Analyst Views on LCO
Wall Street analysts forecast LCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.375
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Current: 27.375
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
