Analyst Daniele Alibrandi from Stifel Nicolaus maintained a Hold rating on Brunello Cucinelli SpA (8BU – Research Report) and keeping the price target at €120.00.
Daniele Alibrandi has given his Hold rating due to a combination of factors that reflect both opportunities and challenges for Brunello Cucinelli SpA. The company is expected to achieve a 10% organic growth in Q1 2025, driven by strong retail performance and balanced regional growth, which indicates its resilience in a challenging luxury market. However, despite this positive outlook, the growth is slightly below the previous quarter’s performance and aligns closely with market expectations, suggesting limited upside potential.
Moreover, while the company’s revenue growth is projected to slightly exceed consensus estimates, the overall dividend yield remains modest, and the net debt to EBITDA ratio is gradually improving but still relatively high. These financial metrics contribute to a cautious stance, as they indicate that while the company is performing well, the stock may not offer significant short-term gains, justifying the Hold rating.