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Moncler: hit by broker downgrade
(CercleFinance.com) - Moncler shares are losing ground today, down 2%, underperforming the trend in Milan, weighed on by a downgrade from Oddo BHF ("outperform" to "neutral"), after the broker reduced its target price for the winter clothing manufacturer's stock from E68 to E62.
Analysts believe that, by its very nature, the franchise is clearly exposed to the slowdown (pretty mainstream positioning in terms of price and type of clientele), also seeing a "non-negligible" risk of an adjustment in the consensus. Copyright (c) 2023 CercleFinance.com. All rights reserved. The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities. |
23/05/2025 17:40
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