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.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BHOOY: