Moncler: Stifel nudges up target price

(CercleFinance.com) - In a report on European luxury stocks, Stifel maintains its "hold" rating on Moncler shares, while nudging up its target price from 53 euros to 55 euros, also increasing its 2022-23 EBIT forecasts by 3%.


After an analysis of consensus revisions in the sector following interim results, the broker says it has confirmed its "buy" ratings on Richemont, Kering and Hugo Boss, seeing the latter as the best case for autonomous growth.

Stifel adds that it is taking a slightly more constructive view of Moncler, given the share's clear underperformance and the intact long-term fundamentals of the Italian high-end winter clothing maker.


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