(News Bulletin 247) – Stifel remains Buy on the Zalando share and maintains its price target at 55E.

‘We believe there has been a remarkable shift in mindset on how ZAL will be managed in times of continuing high macro-economic uncertainty,’ notes the analyst.

The confidence displayed by the management in the fact that the initiatives will lead to better structural profitability is noted by the analyst.

‘Assuming a sustained rebound in consumer confidence, the objective of an adjusted EBIT margin of 6% for the 25E financial year seems increasingly achievable’, continues the broker for whom ‘a full recovery of the world market will probably only occur from the third quarter onwards.

Copyright (c) 2023 News Bulletin 247. All rights reserved.