In Piazza Affari, the star of Moncler shines, which, after yesterday reaching its historic low from its quotation, gained well over 3% in the mid-morning, to 12,82 euros per share, signaling itself as the best stock on the Italian list, which in the same minutes it travels into negative territory.
In addition to the natural rebound, Moncler's shares are supported by a UBS report which raised the opinion on the stock from sell to neutral, keeping the target price at 12,3 euros per share. According to the Swiss bank, in fact, the shares of the Italian luxury group dropped too much (-15%) following the publication of the balance sheet data for 2013, which made investors fear a weak performance by Moncler also in the first quarter of 2014 .
Ubs, however, has shown optimism on the performance of the Milan-based company: the forecast of the Swiss bank, in fact, speaks of profits growing by 18% thanks to a strong growth in sales.
