(News Bulletin 247) – Oddo BHF reaffirms its ‘outperformance’ opinion on Moncler with a price target raised from 61 to 63.5 euros, judging that ‘the investment case remains favorable with growth potential confirmed more than ever’ .
The research department believes that while the revaluation potential of the European luxury sector, taken as a whole, is debated at this stage, ‘Moncler retains a specific revaluation potential in view of the brand’s growth potential’.
While the share is traded according to him on the basis of multiples slightly below the sector average, Oddo thinks that a premium is justified on the basis of a higher growth potential with in particular a remarkable performance in Asia.
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