Moncler: Jefferies downgrades to 'hold'

(CercleFinance.com) - Jefferies said on Tuesday that it has downgraded its recommendation on the Moncler share from "buy" to "hold," citing low valuation potential at current levels.


"MONC remains an outperformer and is well equipped to emerge from the current crisis relatively quickly (2022) but a 30%+ premium to historical multiples is the most we think can be justified at this time," the broker says.

Jefferies has also cut its target price for the manufacturer of upmarket down jackets from 38 euros to 36 euros (current price: 35.6 euros).


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