Moncler: Jefferies raises target price
(CercleFinance.com) - Jefferies has raised its target price for Italian jacket maker Moncler from 33 euros to 37.
5 euros, while maintaining a "buy" rating on the stock.
The broker thinks the first feedback on the "Genius" brand strategy that was unveiled last month is "positive as hoped" and sees areas where the group could further improve performance.
Jefferies adds that the prospect of a possible entry into the MSCI index would be a "further bonus."
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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.
5 euros, while maintaining a "buy" rating on the stock.
The broker thinks the first feedback on the "Genius" brand strategy that was unveiled last month is "positive as hoped" and sees areas where the group could further improve performance.
Jefferies adds that the prospect of a possible entry into the MSCI index would be a "further bonus."
Copyright (c) 2018 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.