Jefferies Downgrades Brunello Cucinelli SPA (BCUCY) to Hold

Jefferies analyst Flavio Cereda downgraded Brunello Cucinelli SPA (: BCUCY) from Buy to Hold.

The analyst comments "...we now believe that as uncertainty grows BC's premium vs peers is set to remain at current levels (50%) but also that the current share price adequately reflects expected news flow. We increase our PT by 22% but downgrade our rating to Hold. We continue to like BC as a unique play on the premiumisation of casualwear which is set to continue to deliver low dd EBIT growth every year but no longer see the story as underappreciated."

For an analyst ratings summary and ratings history on Brunello Cucinelli SPA click here. For more ratings news on Brunello Cucinelli SPA click here.

Shares of Brunello Cucinelli SPA closed at $21.40 yesterday.

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