Lovisa Stock Shines as Morgan Stanley Upgrades to Buy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2025
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Source: TipRanks
Morgan Stanley Upgrade: Lovisa Holdings Limited's shares rose over 7% after Morgan Stanley upgraded its rating from Hold to Buy, raising the price target from AU$28.5 to AU$32.0, citing potential store expansion exceeding expectations and increased website activity as positive indicators.
Contrasting UBS Outlook: In contrast, UBS downgraded Lovisa's stock from Hold to Sell, predicting an 8% downside due to slower-than-expected store openings, with a consensus rating of Hold on TipRanks reflecting mixed analyst opinions.
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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.
