Moncler: share up thanks to broker's comments
(CercleFinance.com) - The Moncler share is up 0.
7% today, outperforming the market in Milan (FTSE MIB: -0.5%), benefiting from Jefferies upgrading its rating on the stock from “hold” to “buy,” while maintaining its target price at 40 euros for the Italian apparel maker.
The broker highlights the share price's recent correction (-25% since its June peak; -16% last month) and underlines that the stock is trading below its average multiples seen over the last five years, in line with 2015.
The broker's forecasts already take into account a normalisation of growth in Asia, but it still believes that momentum is strong and that the increasing concentration on the brand image will bear dividends in the medium term, it continues.
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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.
7% today, outperforming the market in Milan (FTSE MIB: -0.5%), benefiting from Jefferies upgrading its rating on the stock from “hold” to “buy,” while maintaining its target price at 40 euros for the Italian apparel maker.
The broker highlights the share price's recent correction (-25% since its June peak; -16% last month) and underlines that the stock is trading below its average multiples seen over the last five years, in line with 2015.
The broker's forecasts already take into account a normalisation of growth in Asia, but it still believes that momentum is strong and that the increasing concentration on the brand image will bear dividends in the medium term, it continues.
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.