Zalando assumed with a Buy at Jefferies
Jefferies assumed coverage of Zalando (ZLNDY) with a Buy rating and EUR 33 price target The firm sees Zalando as a 'top-class operator' in European online clothing retail. While the company's sales momentum will well-understood, consensus estimates do not not adequately account for potential for margin expansion through increasing fulfillment capacity utilization, the analyst tells investors in a research note.
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