Luxury goods giant LVMH suffered "price cuts" from many investment banks

< br > < span class = "section-news" > 1. UBS: Lowered target price for LVMH from €650 to €569. < br > < span class = "section-news" > 2. JPMorgan Chase: Lowered target price for LVMH from €650 to €610, < br > < span class = "section-news" > 3. Deutsche Bank: Lowered target price for LVMH from €580 to €565. < br > < span class = "section-news" > 4. Jefferies Group: Lower target price for LVMH from €670 to €510, < br > < span class = "section-news" > 5. Royal Bank of Canada: Lower target price for LVMH from €750 to €680. < br > < span class = "section-news" > 6. Kepler Cheuvreux: Lower target price for LVMH from €750 to €675. < br > < span class = "section-news" > 7. Morgan Stanley: Downgraded LVMH's price target from 740 euros to 590 euros, and downgraded its rating from overweight to standard.