(Finance) – Sharply declining session on Piazza Affari for Moncler, an Italian luxury company listed on Euronext Milan. Those who weigh are the ones analysts’ opinionswith Citigroup which cut the target price to 71.50 euros per share (from the previous 77.50 euros) and Morgan Stanley which reduced the target price to 64 euros per share (from the previous 69 euros).
It worsens the performance of Monclerwith a decline of 2.31%, reaching 54.98 euros. An extension of the bearish phase is expected for the rest of the session with a support area seen at 54.39 and subsequently at 53.81. Resistance at 55.41.