B. Riley analyst Anna Glaessgen initiated coverage of LuxExperience (LUXE) with a Buy rating and $12 price target LuxExperience is the largest player in luxury e-tailing globally, the analyst tells investors in a research note. The firm believes the company is well positioned to gain share following the post-COVID luxury correction, given its “outsized command” of the ultra-luxury shopper. Riley sees a meaningful growth and margin recovery opportunity for LuxExperience in the recently acquired YNAP business as the transformation plan progresses.
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