HSBC upgraded Zalando to Buy from Hold with a price target of EUR 28, up from EUR 26. The shares are now discounting slower, weather-affected gross merchandise volume growth in Q3, ahead of “typically more assured trading” in Q4, the analyst tells investors in a research note.
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Read More on ZLNDY:
- Zalando price target lowered to EUR 28 from EUR 30 at Barclays
- Zalando downgraded to Neutral from Buy at UBS
- Zalando price target lowered to EUR 31.50 from EUR 37 at Deutsche Bank
- Zalando price target lowered to EUR 31 from EUR 32 at JPMorgan
- Zalando price target lowered to EUR 30 from EUR 32 at Barclays
