05:54 AM EDT, 09/29/2026 (MT Newswires) -- Bernstein cut its earnings estimates for LVMH Moët Hennessy - Louis Vuitton (MC.PA), citing commentary from Autonomous' China Macrofinancial analyst Charlene Chu regarding sustained economic slowdown and muted luxury demand in China. "Our analyses suggest that the Chinese macroeconomic slowdown is deeper than headline GDP growth would suggest. Alternative measures of economic activity all point to a softer environment. Household wealth has been hit by falling property prices, youth unemployment remains elevated, and the traditional engines of wealth creation and luxury consumption, notably real estate and finance, are no longer providing the same support. Household savings are being drawn down, but consumption is not recovering - a worrying sign that Chinese consumers may be spending down their savings just to get by," according to a Monday note focused on the global luxury goods sector. Against this backdrop, analysts slashed their full-year 2027 organic sales growth forecast for the French luxury goods group's key fashion and leather goods division to 1.8% from 5% and compared with the market forecast of 3.8%. Bernstein said the downgrade reflects "a potential soft patch of growth for Louis Vuitton, particularly in China." The research firm now models total group organic sales growth of 3.6% in 2027, below the expected 4.3%. Trimming EBIT expectations to match anticipated top-line growth slowdown, analysts cut their EPS forecast for the year by 5.6%. Bernstein also reduced the outperform-rated stock's price target to 480 euros from 520 euros.

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