Bernstein upgrades Brunello Cucinelli, sees opportunity from recent price drop

Brunello Cucinelli SpA

30/09/2025 15:01

** Bernstein upgrades Italian fashion group Brunello Cucinelli BCU.MI to "outperform" from "market-perform", citing the recent price drop as an entry opportunity

** Brokerage says "recent price correction offers investors the opportunity to enter a high-quality, defensive luxury name at a discount," keeping its PT at 119 euros ($139.42)

** It sees no danger in current trading, forecasting +12.0% for Q3 2025 and a +11.3% organic growth for FY 2025, supported by strong demand from high-net-worth individuals (HNWIs)

** Brokerage notes its fieldwork didn't point anything out of line with EU regulations and notes Cucinelli "has methodically been debunking the short reports point by point since they were published"

** Bernstein says concerns over high inventories and discounts mentioned in the short reports are "nothing new" and are considered an inherent part of Cucinelli's unique business model

** Shares are up 1.4% to 92.38 euros at 1347 GMT after rising as much as 2.1%, while dropping 12.35% YTD

** Of 14 analysts, eight rate stock "strong buy" or "buy,"​ six "hold" - data compiled by LSEG

($1 = 0.8535 euros)

 (Reporting by Laura Contemori)

 ((Laura.contemori@thomsonreuters.com))