Zalando: Liberum upgrades to 'buy'
(CercleFinance.com) - Liberum has upgraded Germany's Zalando from "hold" to "buy," saying that the fashion retailer's new strategy should drive earnings and cash flow materially over the medium-to-long term.
In a note to clients, the British broker said that Zalando "can truly become the go-to fashion destination in Europe."
"Zalando has built an infrastructure that is uniquely placed to fend off competition and has a logistics network that is looking increasingly superior to Amazon," Liberum wrote.
According to the broker, Zalando is becoming a "must-go destination for brands to sell product," prompting it to raise its target price from 30 euros to 45 euros.
The stock is currently up 1.4% at 36.2 euros in Frankfurt.
Copyright (c) 2019 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.
In a note to clients, the British broker said that Zalando "can truly become the go-to fashion destination in Europe."
"Zalando has built an infrastructure that is uniquely placed to fend off competition and has a logistics network that is looking increasingly superior to Amazon," Liberum wrote.
According to the broker, Zalando is becoming a "must-go destination for brands to sell product," prompting it to raise its target price from 30 euros to 45 euros.
The stock is currently up 1.4% at 36.2 euros in Frankfurt.
Copyright (c) 2019 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.