UBS Maintains Neutral Rating for Zalando Amid Takeover Bid Developments

UBS AG has given Zalando a "Neutral" rating with a target price of €28, despite a takeover bid for About You. Analyst Yashraj Rajani believes that the merger could result in profit synergies due to a 30 percent overlap between the two companies. Although there may be short-term challenges, Rajani sees the deal as positive for the medium term.

Zalando shares were trading at €33.90, down 1.5 percent, which is a 17.4 percent reduction compared to analysts' forecasts. Today, a total of 2,330,541 shares have been traded. Zalando's stock has increased by 58.0 percent since the beginning of 2024. The company is expected to announce its Q4 2024 results on March 6, 2025.

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