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RBC downgrades LVMH, cuts target to €475 amid luxury slowdown

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  • RBC downgraded LVMH to "Sector Perform" and reduced its 12-month target to €475.
  • €23.03 became RBC's fiscal 2027 EPS estimate after a 10% reduction.
  • LVMH's third-quarter results are due in mid-October, with revenue forecast at €18.3 billion.
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