Moncler: Jefferies maintains 'buy' rating
(CercleFinance.com) - Jefferies said that it is maintaining a "buy" rating on Italian down jacket maker Moncler, with a 12-month target price of 44 euros.
Looking at the company's first-half numbers, the broker said the figures should flag more solid growth, especially in Asia-Pacific, but also some kind of temporary margin erosion.
However, Jefferies continues to see the brand as "one of the few mid-size outperformers at this time", it said in the note.
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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 at the company's first-half numbers, the broker said the figures should flag more solid growth, especially in Asia-Pacific, but also some kind of temporary margin erosion.
However, Jefferies continues to see the brand as "one of the few mid-size outperformers at this time", it said in the note.
Copyright (c) 2019 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.