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Boohoo price target lowered to 16 GBp from 23 GBp at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Boohoo (BHOOY) to 16 GBp from 23 GBp and keeps a Sell rating on the shares. The pivot to a capital-lite, marketplace model is working at Debenhams, but weakening UK consumer and structural pressures persist, the analyst tells investors.

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