(News Bulletin 247) – UBS expects high revenue with a reduced margin in the first half.
The analysis office confirms its advice to buy on the stock and adjusts its target price to 75 E (instead of 76 E).
‘ Moncler is expected to post another record quarter at the high end of its group of companies in the same sector. However, the results are unlikely to be a near-term catalyst due to staggering margins, UBS said.
UBS analysts point to some cautiousness in terms of margins, with the management team saying they want to ‘defend the 30% threshold in the face of increased capital spending’.
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