Bank of America is out with bearish calls on luxury brands, downgrading Louis Vuitton's parent company LVMH (MC.PA) and Gucci's parent company Kering (KER.PA) to Neutral. The bank also downgraded Hugo Boss (BOSS.DE) to Underperform.

Catalysts Hosts Seana Smith and Madison Mills report more on the calls as the luxury market slows in China.

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This post was written by Melanie Riehl.