Lovisa is the top-performing major retailer in 2024. It’s currently up +25% in 2024 and slipped less than 1% on Thursday as the dominos fell around it. We have discussed LOV a few times this year; it’s a growth stock which surged higher in March after delivering margin expansion when analysts were anticipating contraction – it’s a quality operator the looks good into dips as opposed to above $30.
- We like the risk/reward towards LOV around $28, still 8-10% lower.
MM is bullish towards LOV
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