Moncler: shares fall after UBS downgrade

(CercleFinance.com) - Moncler shares are down on Wednesday, after UBS downgraded its rating on the Italian down jacket maker from "buy" to "neutral".


UBS analysts, however, have nudged up their target price for the shares from 40 euros to 42 euros.

The Moncler stock was down 1.8% at 41.3 euros in late morning trading on the Milan Stock Exchange.

The shares have risen by 9% over the past week on speculation about a takeover by French luxury group Kering.

Copyright (c) 2019 CercleFinance.com. All rights reserved.