UBS reiterates its 'buy' recommendation on LVMH and raises its target price from 749 to 832 euros, a new target which represents a potential upside of 13% for the share of the world's number one luxury goods company.

The continued momentum of the brands in its portfolio and the favorable winds in the sector should lead to another year of outperformance for LVMH", predicts the broker, for whom the challenge in 2023 will be to "navigate a soft landing".

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