Consumer
Jefferies and Goldman Diverge on Luxury Industry Outlook
- Chinese consumer spending remains key for luxury sector
- LVMH shares have slid almost 20% from peak earlier this year
This article is for subscribers only.
Luxury-goods makers face a choppy near-term outlook, according to Jefferies and Goldman Sachs Group Inc. analysts, though that’s where the similarities in their opinions end.
While Jefferies’ James Grzinic assumed coverage with only two buy ratings and below-average estimates for 2024, Goldman’s Louise Singlehurst said she sees industry growth outperforming the long-term average over the next couple of years.