Moncler SpA
MONC: XMIL (ITA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Nr | LOCK|#TNJ@ | LOCK|pXjTKQw |
Moncler: Not Immune to Industry Downturn as Sales Fall; Shares Slightly Expensive
We are maintaining our fair value estimate for Moncler after slightly reducing our forecasts for 2024 revenue and profitability because of weakening performance in the third quarter. Our long-term assumptions are intact, and we believe shares are slightly overvalued at current levels.
