The British investment bank Barclays has lowered the price target for Zalando from 32 to 30 euros and left the rating at “Equal Weight”.
Analyst Emily Johnson wrote in a study published on Monday that they have updated their estimates after reports from European Internet companies for the second quarter. She remains cautious about the pace of any recovery in the fashion retailer’s gross margin in the second half of the year.
However, Zalando shares temporarily rose by 1.51 percent to EUR 26.85 via XETRA.
LONDON (dpa-AFX Broker)
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