ASOS (OTCMKTS:ASOMY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage currently has a $111.00 price target on the stock. Zacks Investment Research‘s target price indicates a potential upside of 20.65% from the stock’s previous close.
According to Zacks, “ASOS Plc is an online fashion destination. It offers branded and own-branded product lines, including womenswear and menswear, footwear, accessories, jewelry and beauty and grooming products primarily through its Website, asos.com. The company operates primarily in the United Kingdom, France, Germany, Italy, Spain, Australia, the United States, Russia and China. ASOS Plc is based in London, United Kingdom. “
Separately, Deutsche Bank upgraded ASOS from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd.
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ASOS Company Profile
ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, and the Russian Federation. The company offers a range of clothing products, including womenswear and menswear, footwear, and accessories, as well as jewelry and beauty collections.
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