Moncler: UBS confirms buy rating

(CercleFinance.com) - The analyst hails a solid Q1 and confirms his buy recommendation on the stock, with a target price of E78, representing 17% upside potential.


"Q1 Moncler brand retail beat expectations. Despite a more prudent management tone on Q2, we expect MONC to outperform even in warmer months of the year", UBS says.

Q1 growth for the c.FX Group was +16% (vs. consensus +11%, UBSe forecast +13%). Moncler brand first-quarter sales of 705 million euros were up +5% (vs. +4% for UBSe), with c.FX growth of +20% (vs. consensus +15%, UBSe +16%), it adds.


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