(CercleFinance.com) – Zalando lost more than 1% to Frankfurt, penalized by an analysis by Oddo which lowered its target price to 75 euros, against 90 euros previously, while maintaining its objective of ‘outperformance’ on the title.
While Zalando will publish its quarterly results on May 5, Oddo expects the group to send a message of caution regarding 2022 and revise its guidance.
Consequently, ‘we are thus revising our expectations on adjusted EBIT by 15% to 400 ME (11% below the css of 449 ME). Our expectations for Q1 are broadly in line with those of the consensus but we are more cautious on the rest of the year at this stage (expecting a continued impact of inflation)’, indicates the broker.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
