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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