In a report released yesterday, Rogerio Fujimori from Stifel Nicolaus maintained a Hold rating on Moncler S.p.A. (0QII – Research Report), with a price target of €54.00.
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Rogerio Fujimori has given his Hold rating due to a combination of factors observed in Moncler S.p.A.’s recent performance and market expectations. The company showed robust growth, particularly in China, where double-digit improvements were seen, reflecting high brand desirability and effective retail and marketing strategies. Moncler’s Q4 results exceeded consensus expectations, with a significant beat in both sales and EBIT levels, achieving an EBIT margin slightly above the forecast.
However, despite these positive developments, the current share price already reflects much of this strong performance, especially given the substantial year-to-date increase. Additionally, while Moncler has demonstrated strong execution, the market anticipates that maintaining the current momentum and margin levels will be challenging. Thus, the Hold rating reflects a balanced view between Moncler’s impressive recent achievements and the potential risks or limits to future growth at the current valuation.
In another report released today, UBS also maintained a Hold rating on the stock with a €69.00 price target.