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)
Selected leverage products on Zalando
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on Zalando
Leverage must be between 2 and 20
