Boohoo downgraded to Sell from Hold at Canaccord

Canaccord downgraded Boohoo to Sell from Hold with a price target of 18.5 GBp, down from 47 GBp, after Boohoo reported “poor” interim results. Following the report, the firm believes the outlook “looks more uncertain than ever” and calls out the deterioration in customer economics as a “particular concern.”