Goldman Sachs analyst Louise Singlehurst upgraded Moncler (MONRY) to Buy from Neutral with a EUR 58.70 price target The firm sees a unique entry point in a high quality luxury compound growth proposition following the recent pullback, with Moncler now trading on more attractive price-earnings multiples versus the sector while providing above sector sales growth supported by like-for-like and retail space expansion.
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Read More on MONRY:
- Moncler price target lowered to EUR 50 from EUR 55 at Deutsche Bank
- Moncler not in discussions to acquire Burberry, Reuters reports
- Moncler price target lowered to EUR 63 from EUR 66 at Citi
- Moncler price target lowered to EUR 59 from EUR 60 at Barclays
- Moncler price target lowered to EUR 55 from EUR 60 at JPMorgan