DB starts Brunello Cucinelli at 'buy' on growth potential
BUZZ-DB starts Brunello Cucinelli at 'buy' on growth potential ** Deutsche Bank initiates coverage of Italian luxury fashion brand Brunello Cucinelli BCU.MI with "buy", expecting sales growth and margin expansion
** The brokerage says the stock offers a compelling entry point following recent de-rating events
** YTD, the stock has lost about 17.6% - LSEG data
** "We see scope for the brand's consistent growth profile valued more highly against broader sector dynamics that appear more difficult to generate pre-covid growth and therefore operational leverage" - DB
** Out of 17 analysts covering the stock, 11 rate it "buy" or "strong buy" and 6 "hold"
(Reporting by Paolo Laudani in Gdansk)
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