RBC Capital analyst Sherri Malek downgraded Boohoo to Underperform from Sector Perform with an unchanged price target of 35 GBp. The analyst is cautious on the recovery for the European internet sector and continues to see downside to revenue and earnings estimates for retail stocks. RBC views Boohoo’s valuation as demanding and sees limited scope for the company to raise prices.
Published first on TheFly
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