Moncler: Berenberg initiates coverage with 'buy' rating
(CercleFinance.com) - The broker Berenberg has initiated its coverage of the Moncler stock with a "buy" rating and a target price of 37 euros, with a potential slowdown in Chinese having brought the luxury goods sector's valuation back in line with its historical average.
The broker - which has begun its coverage of several Italian luxury goods groups - said they offer investors plenty of turnaround opportunities, as well as M&A upside potential.
In this context, Berenberg is a buyer of Moncler and Prada, which it prefers over Tod's ("hold") and Ferragamo ("hold").
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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.
The broker - which has begun its coverage of several Italian luxury goods groups - said they offer investors plenty of turnaround opportunities, as well as M&A upside potential.
In this context, Berenberg is a buyer of Moncler and Prada, which it prefers over Tod's ("hold") and Ferragamo ("hold").
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.