Zalando: UBS upgrades 'sell' rating
(CercleFinance.com) - UBS has upgraded its rating on the Zalando stock from "sell" to "neutral," despite cutting its target price from 35 euros to 30 euros, which suggests upside potential of 8% for the share of the German online clothing retailer.
"Our KPI analysis and growth benchmarking against 16 ecommerce peers suggest lower mid-term sales growth is now appropriately priced in," the broker said.
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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.
"Our KPI analysis and growth benchmarking against 16 ecommerce peers suggest lower mid-term sales growth is now appropriately priced in," the broker said.
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.