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ASOS (OTCMKTS:ASOMY) received a "strong sell" rating from BNP Paribas, while HSBC Global Research upgraded its rating from "moderate sell" to "hold." The stock opened at $2.93, down 5.3%, with a twelve-month low of $2.89 and a high of $5.89. ASOS operates as an online fashion retailer across multiple countries, offering a variety of brands.
UBS has maintained a "Neutral" rating for Asos, setting a target price of 400 pence. Analyst Yashraj Rajani noted that the online retailer's half-year operating results exceeded expectations following its interim report.
UBS has reduced its target price for Asos from 440 to 400 pence while maintaining a "Neutral" rating. Analyst Yashraj Rajani noted the company's effective management strategy, which has successfully halved inventories after two years of restructuring, but emphasized the need for increased sales. Asos operates globally with a diverse brand portfolio and a robust warehouse network for efficient delivery.
UBS has maintained a 'Neutral' rating for Asos, setting a target price of 440 pence following the company's financial figures for 2023/24. Sales fell short of consensus expectations, although the forecast for operating profit in 2024/25 met expectations, with improvements in inventory management noted as encouraging.
UBS has maintained a 'Neutral' rating for Asos with a target price of 440 pence following disappointing sales figures for the 2023/24 financial year. While sales fell short of expectations, the forecast for operating profit in 2024/25 met projections, and improvements in inventory management were noted as positive developments.
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ASOS shares downgraded by BNP Paribas amid market challenges
12:32 21.03.2025
ubs maintains neutral rating for asos with target price of 400 pence
12:29 21.03.2025
ubs lowers asos target price to 400 pence maintains neutral rating
08:46 08.11.2024
ubs maintains neutral rating for asos with target price of 440 pence
11:44 05.11.2024
ubs maintains neutral rating for asos with target price of 440 pence
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