LVMH can ride out this year's initial turbulence, UBS's Zuzanna Pusz and Robert Krankowski write in a note to investors. The luxury group has, like its peers, seen some volatility from the Middle East conflict in the first half of the year. But financial results for the half-year should show signs of improvement due to self-help measures and a better backdrop, Pusz and Krankowski say. "We remain confident management is taking the right steps to sustainably strengthen the position of the brands." Shares rise 1.9% to 490.20 euros.(joshua.kirby@wsj.com; @joshualeokirby)
Dow Jones Newswires
LVMH Can Book an Encouraging 1H — Market Talk
LVMH can ride out this year's initial turbulence, UBS's Zuzanna Pusz and Robert Krankowski write in a note to investors. The luxury group has, like its peers, seen some volatility from the Middle East conflict in the first half of the year. But financial results for the half-year should show signs…