LVMH gains nearly 1% and slightly outperforms the CAC40, helped by favorable comments from Oddo BHF, which reiterates its 'outperform' opinion on the stock, 'top pick' for 2023, and raises its price target from 722 to 817 euros.

The relative investment case for the luxury leader seems stronger at this stage", says the analyst, who points to the momentum of its flagship soft luxury brands, the quality of its management and the prospect of a return of Chinese tourism.

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