UBS maintains its buy recommendation on the stock and raises its price target to 72 E (from 63 E), which represents a potential upside of 13%.

' Trends in Q4 2023 and 2024 have put Moncler back on track. Valuation is below historical average relative to peers despite above-average earnings momentum' says UBS.

' Group growth in the fourth quarter was +16% (vs. +11% for the UBSe estimate). Fourth-quarter sales of the Moncler brand amounted to 1,077 million euros (+5% vs. UBSe estimate), with growth of +17% (UBS +11%). Stone Island's sales in Q4 totaled 101 million euros (+1% vs., -3% vs. UBSe)' says the analyst firm.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.