(News Bulletin 247) – The analyst has raised its price target to E67 (vs. E65) and has retained its Hold rating after a strong increase since the start of the year.
Stifel raised its FY23-24 sales and EBIT guidance by 1% following the release of Q1 2023 sales.
“We view Moncler as a market share gainer in the sector, but we see greater upside potential elsewhere, with the stock recently revalued at 29x the 2023E P/E,” Stifel said.
The analyst believes that the potential for above-industry medium-term revenue growth appears to be built into the consensus and the upside may be limited by the lack of a meaningful EBIT margin upside.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
