Moncler: held back by broker downgrade

(CercleFinance.com) - Moncler gained just 1% in Milan, underperforming a particularly buoyant luxury sector on Tuesday, held back by a recommendation downgrade by UBS from 'buy' to 'neutral', with a price target reduced from 63 to 53 euros.


The broker explains that it remains positive in the long term on the growth potential of the Italian high-end clothing house, but sees fewer opportunities for positive surprises in the short term, mentioning "risks on the horizon in the second half of the year".

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