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Moncler: shares slide after UBS downgrade

( - Moncler shares are down almost 2% on Friday, after UBS downgraded the Italian luxury jacket maker's share from "buy" to "neutral".

Seeing near-term pressures and limited room for re-rating, the broker has cut its target price from 37.1 euros to 36.5 euros.

In a note to clients, UBS invites investors to "pause for breath" as it sees risks increasing in the second half of the year.

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