Asos: shares fall after broker downgrade
(CercleFinance.com) - Asos shares were down on Tuesday after Berenberg downgraded its rating on the British online fashion retailer.
In a note on retail, the German broker said that it has downgraded the stock from "buy" to "hold," while slashing its target price from 4,000 pence to 2,500 pence.
Asos shares are currently down 0.7% at 2,540 pence.
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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.
In a note on retail, the German broker said that it has downgraded the stock from "buy" to "hold," while slashing its target price from 4,000 pence to 2,500 pence.
Asos shares are currently down 0.7% at 2,540 pence.
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.