(CercleFinance.com) – UBS reiterates its ‘buy’ recommendation on Moncler despite a price target reduced from 62 to 57 euros, a new target which nevertheless implies a potential upside of 34% for the title of the Italian winter clothing manufacturer top of the line.
In the summary of its research note, the broker explains that it sees only ‘limited risk of reduced earnings this year and next, despite extremely bearish investor sentiment’. “The action seems poorly valued,” he adds.
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