Moncler: Oddo still a buyer, trims target price
(CercleFinance.com) - Oddo BHF reinstates its "outperform" rating on Moncler shares, albeit reducing its target price for them to 59 euros (from 66 euros previously), which continues to reflect 12-month upside potential of well over 20% for the Italian company's stock.
It says that the stock has enhanced attractiveness at this stage, pointing to the recent decline in sector stocks, as well as first quarter figures and April indications clearly showing robust specific momentum.
Its efforts are likely to enable it to maintain a growth rate above the sector average in the years to come, especially as Moncler's track record of execution remains outstanding, the broker added.
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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.
It says that the stock has enhanced attractiveness at this stage, pointing to the recent decline in sector stocks, as well as first quarter figures and April indications clearly showing robust specific momentum.
Its efforts are likely to enable it to maintain a growth rate above the sector average in the years to come, especially as Moncler's track record of execution remains outstanding, the broker added.
Copyright (c) 2022 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.