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Bernstein Adjusts Moncler Estimates on Currency Changes; Rating Kept at Market Perform

MT Newswires·01/05/2026 03:21:53
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03:21 AM EST, 01/05/2026 (MT Newswires) -- Bernstein revised its full-year 2025 and 2026 earnings projections for Moncler (MONC.MI) to factor in recent currency shifts. The research firm said Monday its 2026 adjusted EPS estimate for the Italian luxury brand was reduced to 2.37 euros from 2.41 euros. Meanwhile, organic growth expectations for the group remained at 1.7% for 2025 and 6.4% for 2026. The stock is also still rated at market perform, with a price target of 54.72 euros. At the sector level, Bernstein anticipates a "steady" currency growth of 5% in 2026 amid expectations of the "gradual recovery" of global luxury demand. The research firm's international luxury goods outlook report notes the recovery is supported by a "slow U-shaped revival" in China and "resilient" high-end spending.