Moncler: stock up after a broker's comments.
(CercleFinance.com) - Moncler is up 1.
8% in Milan today, boosted by favourable comments from Jefferies, which is initiating its coverage of the luxury winter clothing manufacturer, with a "buy" rating and a target price of 24 euros.
The broker points out that the group's sales and EPS have doubled since its IPO in 2013, since which it has expanded its global presence, along with a broadened product mix and a strengthened management team.
The broker adds that its "buy" rating on the Moncler share "reflects our estimates of superior performance in spite of its growth rate normalizing."
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
8% in Milan today, boosted by favourable comments from Jefferies, which is initiating its coverage of the luxury winter clothing manufacturer, with a "buy" rating and a target price of 24 euros.
The broker points out that the group's sales and EPS have doubled since its IPO in 2013, since which it has expanded its global presence, along with a broadened product mix and a strengthened management team.
The broker adds that its "buy" rating on the Moncler share "reflects our estimates of superior performance in spite of its growth rate normalizing."
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.