BofA joins growing bearish chorus on troubled luxury sector

By Bloomberg Published September 23, 2024 European luxury stocks slid further as Bank of America analysts became the latest to sound the alarm on the beleaguered sector, cutting their rating on industry bellwether LVMH to neutral and downgrading others. bottegaveneta.com “We now factor in a more prolonged slowdown in luxury sector revenue growth, which will [...]read moreBofA joins growing bearish chorus on troubled luxury sector