LVMH, L’Oreal Face China Pain: EMEA Earnings Week Ahead
Written by Emily J. Thompson, Senior Investment Analyst
Source: Bloomberg
- Luxury Earnings Preview: LVMH SE, Ericsson AB, and Nokia Oyj will kick off the first-quarter reporting season next week.
- Market Concerns: Kering SA's recent report raised worries about consumer spending affecting luxury stocks like LVMH and L'Oreal.
- Challenges for Luxury Industry: Uncertainty over Chinese market dynamics and a slow start to 2024 are expected challenges for luxury goods companies.
- Focus on Ericsson and Nokia: Both companies face pressure to rebound from a slowdown in mobile services industry spending.
- Upcoming Highlights: Look out for LVMH's brand performance, ASML Holding NV's order book, and L'Oreal's sales update in North Asia.
Analyst Views on OR
Wall Street analysts forecast OR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for OR is 44.49 USD with a low forecast of 38.00 USD and a high forecast of 62.00 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.
8 Analyst Rating
5 Buy
3 Hold
0 Sell
Moderate Buy
Current: 45.310
Low
38.00
Averages
44.49
High
62.00
Current: 45.310
Low
38.00
Averages
44.49
High
62.00
About OR
OR Royalties Inc. is a Canada-based intermediate precious metal royalty company. The Company is engaged in the business of acquiring and managing royalties, streams and similar interests in Canada and worldwide. The Company's portfolio is anchored by its cornerstone asset, a 3-5% net smelter return royalty on the Canadian Malartic mine, located in Canada. The Company holds a North American focused portfolio of over 195 royalties, streams and precious metal offtakes, including 21 producing assets.
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.
