Moncler: UBS maintains buy rating, trims target price

(CercleFinance.com) - UBS has reiterates its "buy" rating on Moncler shares, despite reducing its target price for them from 62 euros to 57 euros - this revised target price still represents upside potential of 34% for the share of the Italian upmarket winter clothing maker.


The broker summarises that it only sees " limited risk of earnings cuts this year and next year, despite the overwhelmingly bearish investor sentiment", adding that the"Shares appear mispriced".



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