UBS Picks Richemont, Burberry and LVMH as Top Luxury Names Ahead of Q1 Results
UBS has designated Richemont and Burberry as its highest-conviction buys in the European luxury sector heading into first-quarter earnings, with LVMH also recommended. The bank notes a substantial de-rating across the luxury complex, expects roughly 4% organic sales growth in Q1 and highlights a roughly 1 percentage point drag from the Middle East …