Zalando: stock hit by broker downgrade
(CercleFinance.com) - Zalando shares are down over 2% in Frankfurt on Monday, after Bank of America downgraded the stock to neutral with a price target of 110 euros, expecting the group to face new challenges in the coming quarters.
It sees risks in results, pointing out Q3 2021 that is under pressure due to hot weather, a difficult comparison basis in Q4 2021 and 2022, as well as capex that could weigh on margins in 2022.
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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.
It sees risks in results, pointing out Q3 2021 that is under pressure due to hot weather, a difficult comparison basis in Q4 2021 and 2022, as well as capex that could weigh on margins in 2022.
Copyright (c) 2021 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.