** Goldman Sachs upgrades Italian luxury brand Moncler
and Hong Kong-listed Prada to "buy" from "neutral" as it prefers China-resilient brands
** "Key debate for the sector remains the timing and shape of a recovery in China", GS says
** It prefers "brands which have outperformed across the Chinese cluster in 2023-24, and which we see are well-positioned for the recovery, albeit in the second half of 2025"
** GS points to Moncler, LVMH and Prada as "brands capable of market share expansion at an attractive valuation"
** Frankfurt-listed shares in Prada rise 5.7%, while those in Moncler are up 3.8%
(Reporting by Romolo Tosiani)
((Romolo.Tosiani@tr.com))
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