Difficult day for the Stock Exchange title Moncler. In mid-morning, the duvet company lost almost 3%, to 66,20 euros, posting the worst performance of the Ftse Mib (which in the same minutes floats around parity).
It was the sales on Moncler shares that triggered it Goldman Sachs, which in a report on the luxury sector lowered the recommendation on the Italian company from "neutral" to "sell", albeit with a target price adjusted slightly upwards (from 60,50 to 61 euros).
The US investment bank also cut its credit rating by Hermes, which on the Paris Stock Exchange yields 2,11%, at 1.435,50 euros. On the other hand, the "buy" evaluation remained unchanged lvmh (-0,5%, to 703,70 euros) and up Kering (+1,125%, to 673,40 euros). The second group is also included in the Goldman Sachs conviction list, although the target price has been reduced from 900 to 860 euros.
Despite today's decline, the medium-term performance of the Moncler stock remains broadly positive: shares have gained around 75% in the last 12 months and more than 30% since the beginning of 2021.
