Moncler: shares fall as broker cuts target

(CercleFinance.com) - Moncler shares are down 1.
5% at 37.6 euros on Friday, extending a decline that has seen the stock fall almost 7% over the past month due to concerns over the coronavirus impact.

In a note issued today, Jefferies said that it is cutting its target price for the share from 46 euros to 44 euros, while maintaining its "buy" rating.

"We continue to monitor developments in the sector," the broker says in a note, now believing that the impact on profitability in the first half of the year could be "sharper than originally thought."

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