Zalando: UBS raises target price

(CercleFinance.com) - UBS maintains its "buy" recommendation on Zalando shares, having increased its target price for them to 122 euros (from 118 euros), implying upside potential of 22% for the German online clothing retailer's shares.


"Updated UBS Evidence Lab data suggests further improvements in supply and demand indicators through Q2 and into Q3," the broker summarised.


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