🔴 LVMH Moët Hennessy is trading 3.59% down today after HSBC cut its rating and target

LVMH Moët Hennessy is trading at €411.25, down -3.59%, after HSBC downgraded the stock from Buy to Hold and cut its price target from €600 to €490.

• HSBC cited weaker-than-expected Dior performance and subdued Fashion and Leather Goods momentum.
• It also warned about soft Chinese demand and difficult second-half comparisons.
• On September 9, 2026, broader luxury-sector weakness and geopolitical oil concerns added pressure, but the HSBC action was the clearest immediate catalyst.