Zalando: UBS downgrades stock, slashes TP
(CercleFinance.com) - UBS has downgraded its recommendation on Zalando shares from "buy" to "neutral", slashing its target price for them from E48 to E26.
5, with its new target representing upside potential of 23% for the German online clothing retailer's stock.
The broker summarises that the consensus for growth and margins for FY 2025 are realistic, although it sees no upside potential for them, and therefore considers that "growth and margin expectations are realistic".
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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.
5, with its new target representing upside potential of 23% for the German online clothing retailer's stock.
The broker summarises that the consensus for growth and margins for FY 2025 are realistic, although it sees no upside potential for them, and therefore considers that "growth and margin expectations are realistic".
Copyright (c) 2023 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.