Moncler: stock down after a broker's downgrade.
(CercleFinance.com) - The Moncler share is down 1.
3% in Milan today, with Morgan Stanley (MS) downgrading its rating on the stock from "overweight" to "equal weight", with the broker thinking that it is "time to take a breather."
"Moncler remains one of our favourite luxury names, with a top-quality management team and huge untapped potential," MS confirms, which has raised its target price for the share by 15% to 26 euros, representing upside potential of 4%.
However, with the shares up 50% YTD, the broker thinks the Italian clothing maker may pause for breath in H2.
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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.
3% in Milan today, with Morgan Stanley (MS) downgrading its rating on the stock from "overweight" to "equal weight", with the broker thinking that it is "time to take a breather."
"Moncler remains one of our favourite luxury names, with a top-quality management team and huge untapped potential," MS confirms, which has raised its target price for the share by 15% to 26 euros, representing upside potential of 4%.
However, with the shares up 50% YTD, the broker thinks the Italian clothing maker may pause for breath in H2.
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.