Zalando Se (NASDAQ:ZLNDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage presently has a $28.00 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.89% from the stock’s previous close.

According to Zacks, “Zalando SE is an online fashion retailer. The Company offers clothing, sports products, shoes, bags and other accessories for men, women and children. Zalando SE is headquartered in Berlin, Germany. “

Zalando Se (NASDAQ:ZLNDY) opened at 24.585 on Friday. Zalando Se has a 12-month low of $18.03 and a 12-month high of $26.83. The company has a market capitalization of $12.16 billion and a P/E ratio of 91.056.

ILLEGAL ACTIVITY NOTICE: This article was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/21/zacks-investment-research-upgrades-zalando-se-zlndy-to-buy.html.

Get a free copy of the Zacks research report on Zalando Se (ZLNDY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Zalando Se Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zalando Se and related companies with MarketBeat.com's FREE daily email newsletter.