Cucinelli rises after outlook hike
BUZZ-Cucinelli rises after outlook hike ** Shares in Italy's Brunello Cucinelli BCU.MI are up around 3% after the luxury firm posted a Q3 sales beat and raised its 2026 outlook
** JPMorgan says the beat was driven by strong direct-to consumer (DTC) performance
** The beat makes Cucinelli "a clear share gainer in a quarter when we expect most to confirm the pain of an incrementally challenged Chinese consumer," Jefferies adds in a note
** Cucinelli upgraded its FY 2026 revenue growth outlook to around 12% at constant FX, while continuing to forecast 10% growth in 2027
** "FY27E guidance provides a rare degree of forward visibility, which is increasingly scarce and differentiating in luxury," RBC says
** Excluding Friday's gains, the stock is down around 15% YTD
($1 = 0.8909 euros)
(Reporting by Enrico Sciacovelli)