Zalando: Commerzbank raises target price

(CercleFinance.com) - Commerzbank has confirmed its "buy" rating on the Zalando stock and has raised its target price from 51 euros to 54 euros, after it raised its sales and earnings estimates for the group by to 2% for 2018 and 2019.


Based on Q4 2017 results and the outlook for 2018, the broker believes that "the negative margin trend has ended, implying that profit growth should accelerate in 2018".

“Recent Q4 2017 results confirm Zalando continues to significantly outperform the apparel market. Zalando is also gaining share in the German online segment,” it adds.



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