Top of the Street: Moncler, Sodexo, Allfunds
BUZZ-Top of the Street: Moncler, Sodexo, Allfunds A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Bernstein raises luxury firm Moncler MONC.MI to "outperform" from "market-perform" saying that expectations of sector and seasonal weakness have now been priced in
** J.P. Morgan upgrades French caterer Sodexo EXHO.PA to "overweight" from "neutral" citing improving commercial momentum and a more constructive set-up
** Deutsche Bank downgrades mutual fund platform Allfunds ALLFG.AS to "hold" from "buy" as a recent equity rally and its 2025 dividend payout align with its target valuation
(*Analyst rankings from Thomson Reuters StarMine. The scale is from 1-star to 5-star with 5 being the best. Analysts are ranked on earnings accuracy as well as relative performance of recommendations over trailing 12-month & 24-month periods.)
(Reporting by Marta Frackowiak and Romolo Tosiani)
((marta.frackowiak@thomsonreuters.com;
romolo.tosiani@thomsonreuters.com
))
Recent news on Moncler
See all newsBrief: Moncler exec says hotter summer weather weighed on business
Corrected: Moncler reports flat Q3 revenue, held back by weaker tourist spending in Europe
Brief: Moncler Q3 Group Revenue €605.5 Million
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