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Louis Vuitton (NASDAQ:LVMUY) was downgraded by equities researchers at Goldman Sachs from a “buy” rating to a “neutral” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.

Louis Vuitton (NASDAQ:LVMUY) opened at 34.24 on Thursday. Louis Vuitton has a one year low of $32.83 and a one year high of $40.51. The stock has a 50-day moving average of $36.58 and a 200-day moving average of $37.45. The company has a market cap of $85.863 billion and a P/E ratio of 19.04.

LVMH Moet Hennessy Louis Vuitton SA (NASDAQ:LVMUY) is a France-based luxury goods company.

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