{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Closing Price — Daily Evening Equity Analysis on Luxury Market","title":"BofA Upgrades LVMH and Zegna to Buy; Kering Up 49% Over Three Months","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/e6405677\"></iframe>","width":"100%","height":180,"duration":237,"description":"June 5: BofA Upgrades LVMH and Zegna to Buy; Kering Up 49% Over Three Months======End-of-week edition with analyst upgrades, Pace Gallery restructuring, and the week in review.Tickers covered: MC.PA | ZGN | CFR.SW | UHR.SW | WOSG.L | BRBY.LIn this episode:Analyst Upgrades- BofA upgrades LVMH (MC.PA) to Buy- BofA upgrades Zegna (ZGN) to Buy, price objective $8.90 (17% upside)- BofA describes Zegna as \"one of the more undervalued stories in luxury\"- Kering up ~49% over three months on recent upgrades- LVMH up ~42% over three months, still below 52-week high of EUR 654.70Zegna — Los Angeles- Summer 2027 runway show staged in LA today- Villa Zegna invitation-only private club opened in HollywoodPace Gallery — Market Signal- Cutting ~50 artists from roster of 135, staff from 250 to 200- CEO Marc Glimcher: mega-gallery model is \"unfixable\"- Reflects pressure on primary art market and consignment pipelinesWeek in Review- Spring auction season: $1.8B across Christie's, Sotheby's, Phillips in May- LVMH (MC.PA): EUR 477, upgraded to Buy by BofA- Richemont (CFR.SW): near record high CHF 161.80- Watches of Switzerland (WOSG.L): up 14% on FY2026 earnings- Swatch (UHR.SW): CHF 215- Burberry (BRBY.L): delayed net zero target from 2040 to 2050- De Beers: average diamond cost $4,063, up 25% from 2023- Swiss watch exports to US: down 17% YoY in April- Hong Kong luxury sales: up 20% YoY in April- Neiman Marcus closing Dallas flagship (Saks Global Ch.11)- Pace Gallery restructuringAuctions Ahead- Sotheby's Magnificent Jewels — June 9, New York- Christie's watches — June 10, New York- Bonhams watches — June 11, London- Phillips watches — June 13-14, New York- Sotheby's watches — June 15, New York- Bonhams National Automobile Museum — June 13, Reno- RM Sotheby's Tegernsee — July 4Links:- ALT/FNDATA: https://www.altfndata.com- BofA LVMH and Zegna upgrades: https://www.investing.com/news/stock-market-news/lvmh-shares-soar-as-bofa-upgrades-shares-to-buy-sees-15-upside-potential-3816526-...","thumbnail_url":"https://img.transistorcdn.com/-hOE2p7i6o042-uL_U7DDqKjx_Az8ErebwSEdvS9Gfo/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jMTc5/NmRjNzQ2MTE0NmFl/YWY4OTQyODMxMTlh/ZGNiYy5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}