UBS analyst Yashraj Rajani downgraded Zalando to Neutral from Buy with a price target of EUR 26.50, down from EUR 48. The analyst says consensus estimates already factor in “sensible” assumptions, suggesting a lack of upside over the coming quarters.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ZLNDY: