Moncler: Jefferies maintains 'hold' rating
(CercleFinance.com) - Jefferies maintains its "hold" rating and target price of 40 euros for Moncler, saying that good news is "largely priced in".
Looking to what extent the Italian down jacket maker has been successful in brand-building, the US broker says that data shows that Moncler is morphing into a different "animal," now targeting millennials.
This should ensure greater medium-term sustainability and support strong metrics, which appears to be working, Jefferies says.
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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.
Looking to what extent the Italian down jacket maker has been successful in brand-building, the US broker says that data shows that Moncler is morphing into a different "animal," now targeting millennials.
This should ensure greater medium-term sustainability and support strong metrics, which appears to be working, Jefferies says.
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.