Brunello Cucinelli SpA
BC: XMIL (ITA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <$ | LOCK|?xPx | LOCK|VhJZBW> |
Brunello Cucinelli Raises Year-End Outlook, Confirms Two-Year Guidance; Shares Jump 6%
Narrow-moat Brunello Cucinelli raised its expectations for fourth-quarter revenue growth that is expected to result in 11%-12% growth for full-year 2024, up from the previously guided 10%. The market reacted positively, with the share price jumping 6% following the announcement. As we had already anticipated higher revenue growth for 2024 in our model, we do not expect any changes to our forecast. We maintain our fair value estimate of EUR 64 per share and view the shares as overvalued.
