Zalando: weighed on by broker downgrade
(CercleFinance.com) - Zalando shares are down 1% in Frankfurt today, penalised by UBS' rating downgrade from "buy" to "neutral", with a slashed target price - from E48 to E26.
5, for the German online clothing retailer.
In its summary, the broker believes that consensus growth and margin figures for fiscal 2025 are realistic, but sees no upside potential for them, and therefore considers reasonable expectations need to be taken into account.
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.
5, for the German online clothing retailer.
In its summary, the broker believes that consensus growth and margin figures for fiscal 2025 are realistic, but sees no upside potential for them, and therefore considers reasonable expectations need to be taken into account.
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.