Bernstein raises Moncler to 'outperform' on expectation reset

Moncler

17/09/2026 07:26

** Bernstein raises Moncler's MONC.MI rating to "outperform" from "market-perform," and confirms its PT of €57.50 ($65.93) per share, as expectations of sector and seasonal weakness have now been priced in
** The luxury firm's valuation hovers around historical lows  - own 20% YTD after closing at €43.75 on Wednesday  - mid softer sales during the summer and a broader sector slump   
** "However, the magnitude of the de-rating from the year's peak is now broadly in line with historical seasonal drawdowns, suggesting much of the bad news is already reflected in the share price," the broker says
** Sales expectations have now adjusted accordingly, as the European warm weather that penalized the puffer jacket maker in Q2 stretches into Q3, adding pressure to the EMEA region
** Out of 27 analysts that cover Moncler, 15 rate the stock "buy," 11 rate it "hold" and one opts for a "sell" rating  - LSEG data
     
     
($1 = 0.8721 euros)

(Reporting by Enrico Sciacovelli)
((Enrico.sciacovelli@thomsonreuters.com))