HSBC upgraded Zalando to Buy from Hold with a price target of EUR 45, up from EUR 43. The pullback in shares post the company’s 2022 results despite an increase to 2023 adjusted EBIT guidance offers an opportunity, the analyst tells investors in a research note.
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Read More on ZLNDY:
- Zalando upgraded to Outperform from Neutral at Exane BNP Paribas
- Zalando price target raised to EUR 39 from EUR 35 at JPMorgan
- Zalando price target raised to EUR 35 from EUR 26 at Berenberg
- Zalando price target raised to EUR 36 from EUR 35 at Barclays
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