Asos: stock up on broker comments
(CercleFinance.com) - The stock of British online retailer Asos is up 0.
6% on Friday, with a Credit Suisse analyst confirming his "Outperform" rating on it, having raised his target price from 4,100 pence to 4,200 pence, appreciating sales growth and improved EBIT margins for the year.
"The only downside was the variability in demand by market, which we believe is largely explained by macro (data)," the broker said.
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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.
6% on Friday, with a Credit Suisse analyst confirming his "Outperform" rating on it, having raised his target price from 4,100 pence to 4,200 pence, appreciating sales growth and improved EBIT margins for the year.
"The only downside was the variability in demand by market, which we believe is largely explained by macro (data)," the broker said.
Copyright (c) 2020 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.