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Moncler: UBS stays 'neutral,' inches up target price.

(CercleFinance.com) - UBS remains "neutral" on Moncler shares, saying that the Italian group's impressive execution has already been priced in, although it has nudged up its target price for the share from 22.
5 euros to 23 euros.

In a research report sent to clients, the broker says that Moncler's consistent growth and execution have appeared to be increasingly impressive over the past3 years, over which there has been a rollercoaster of demand swings in luxury businesses.

However, UBS expects a new approach to product launches to be announced in the coming weeks.

One option that Moncler could be contemplating would involve distancing itself from the traditional fashion calendar to establish a Fall/Winter show that takes place closer to when the product first lands in store, the broker says.

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