RBC Maintains Buy on Zalando, Sets €28 Price Target
RBC Capital analyst Richard Chamberlain maintained a Buy rating on Zalando and set a €28 price target; Citi also kept a Buy rating with a €39 target. Zalando reported quarterly revenue of €3.42 billion and net profit of €73.8 million for the quarter ended June 30, compared with €2.84 billion revenue and €96.6 million net profit last year.