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BC Brunello Cucinelli SpA News Story

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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)

((Paolo.laudani@thomsonreuters.com))

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