Moncler: Jefferies still a buyer, raises target price
(CercleFinance.com) - Jefferies confirms its "buy" rating on the Moncler share, having raised its corresponding target price from 44 euros to 46 euros, in particular considering that the share of the Italian upmarket winter clothing maker, "remains attractively valued".
Despite "a note of caution over current trading," given the coronavirus outbreak, "with little visibility and hence a higher risk profile, the broker believes that "the underlying dynamics appear still healthy with ongoing relative o/p".
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