Zalando : The market reaction seems severe in our view
>A harsh market punishment in light of the 2021 publication – Outperform rating reiterated, target price adjusted to € 90 (vs € 106) - The Zalando stock fell 9.6% yesterday. We think that this market punishment is harsh for at least two reasons: 1/ Q4 was very robust (3% > the consensus for adjusted EBIT) and showed that despite some short-term uncertainty (consumer confidence, tensions on the supply chain, inflation) the group was able to maintain strong growth (+21%...Zalando is an e-commerce group based in Germany. Co. is engaged in the online retailing of clothing, shoes and accessories for women, men and children. Co.'s product offering include more than 1,500 brands, including global and local brands, as well as private labels, including shoes, clothing and accessores as well as sportswear and homeware designed especially for the Co. The Co.'s product offering is complimented by the Zalando Lounge and Zalon apps, which provides registered members special offers at discounted prices. Co. also provides a combination of services that include free delivery and returns.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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