Moncler stock slips after HSBC cuts its target to EUR 60

Moncler stock (ISIN IT0004965148) was trading around the mid double-digit euro area on September 8, 2026, after HSBC cut its price target to EUR 60 from EUR 67 and kept a Buy rating, according to Teleborsa on September 9, 2026. The same report said the stock was up 0.85 percent in early trading.

HSBC target cut

Teleborsa said HSBC lowered the target from EUR 67 to EUR 60 while keeping the positive stance in place. That leaves the new target 10.4 percent below the old one, a clear shift even as the broker still sees room for the shares.

Moncler also remains a story of profit and margin quality. An ad-hoc-news report said the group's first half 2026 figures showed a clear revenue increase versus first half 2025 and an operating margin that stayed at a high double-digit level, while the company confirmed full-year 2026 guidance for revenue growth in the double-digit range.

Half-year numbers matter

On the current trading backdrop, another ad-hoc-news report said Moncler closed the last completed session on September 8, 2026 in the mid double-digit euro area and still near the upper end of its multiyear range, with the shares just below the recent highs. Corriere dello Sport also reported that Moncler fell 1.74 percent in Milan on September 9 as the luxury sector traded weaker, alongside Ferragamo and Cucinelli.

For investors, the key point is the gap between the softer broker view and the still-supportive fundamentals. The combination of a EUR 60 target, a 0.85 percent early gain on September 9, 2026, and a closing price still near the upper part of the range keeps the stock firmly tied to valuation debate.

Price stays elevated

Moncler stock finished September 8, 2026 in the mid double-digit euro band on Borsa Italiana, close to the upper zone of its multiyear trading span. The last session remained the reference point as markets weighed HSBC's cut to EUR 60 and the half-year growth story.

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