Moncler: UBS downgrades stock

(CercleFinance.com) - UBS has downgraded Moncler shares from 'buy' to 'neutral', with a target price reduced from E63 to E53 (cp: E49, +0.
8%), which now represents just 10% upside potential for the share of the Italian upmarket clothing house.

The broker explains that it remains positive on Moncler's long-term growth potential, pointing to the brand's "strong momentum", although sees fewer opportunities for pleasant surprises in the near term, mentioning risks on the horizon in H2.


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