Zalando: Barclays raises target price to 52.5 euros
(CercleFinance.com) - Barclays Capital reiterates its "overweight" rating on Zalando, having nudged up its target price for the share to 52.
5 euros, vs. 51.5 euros previously.
The broker has said that it walked away from the group's capital markets day believing that investors under-appreciate the group's long-term investment case.
"But it wouldn't be Zalando without a tinge of investment related disappointment," BarCap adds, noting that the German fashion retailer forecasts higher capex for 2019 and 2020.
In the end, "we think Zalando will at least deliver on the expected growth," the broker wrote in its report.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
5 euros, vs. 51.5 euros previously.
The broker has said that it walked away from the group's capital markets day believing that investors under-appreciate the group's long-term investment case.
"But it wouldn't be Zalando without a tinge of investment related disappointment," BarCap adds, noting that the German fashion retailer forecasts higher capex for 2019 and 2020.
In the end, "we think Zalando will at least deliver on the expected growth," the broker wrote in its report.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.