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ubs maintains buy rating for zalando with target price of 40 euros

UBS has maintained its "Buy" rating for Zalando, setting a target price of 40 euros. Analyst Yashraj Rajani noted strong interest in the online retailer as a key player in e-commerce, anticipating conservative annual targets from Zalando, which is known for its cautious planning regarding operating results.

ubs maintains buy rating for zalando with target price of 40 euros

UBS has maintained its "Buy" rating for Zalando, setting a target price of 40 euros. Analyst Yashraj Rajani noted strong interest in the online retailer as a key player in e-commerce, positioning it as a potential alternative to Inditex. Conservative annual targets are anticipated, reflecting Zalando's cautious approach to adjusted operating earnings.

EuroStoxx 50 surges past April high amid US inflation and earnings boost

The EuroStoxx 50 surged 3.44%, surpassing its April 2024 high of around 5100 points, driven by lower-than-expected US inflation figures and strong corporate results, except for Inditex, which fell over 3%. The index has potentially resumed its upward trend, with a bullish target of 5600 points, contingent on global economic conditions and upcoming political and economic events. Key factors to monitor include Donald Trump's inauguration and forthcoming corporate earnings reports.

IBEX 35 leads European markets with strong growth and positive momentum

The IBEX 35, Spain's leading stock index, surged 14% in 2024, outperforming the EuroStoxx 50's 8% rise, driven by strong performances from major companies like Santander and Inditex. A favorable local economic environment, including rising domestic consumption and falling inflation, supported this growth. Technically, the index is in a strong uptrend, with potential for further gains if it surpasses 12,000 points.

UBS Maintains Neutral Rating for Inditex with Target Price of 48 Euros

UBS has maintained a "Neutral" rating for Inditex, setting a target price of 48 euros following disappointing third-quarter results. Analyst Sreedhar Mahamkali noted that net sales and growth in local currencies fell short of market expectations, suggesting a potential decline in share price after a strong increase this year.
12:22 11.12.2024

UBS Maintains Neutral Rating on Inditex with Target Price of 48 Euros

UBS has maintained a 'Neutral' rating for Inditex, setting a target price of 48 euros following disappointing third-quarter figures. Analyst Sreedhar Mahamkali noted that net sales and local currency growth fell short of market expectations, suggesting a potential decline in share price after a strong rise this year.
12:09 11.12.2024
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