Bank of America Analysts Turning Bullish on European Online … – Bloomberg - 1Home

Bank of America Analysts Turning Bullish on European Online … – Bloomberg

“Bloomberg Opinion” columnists offer their opinions on issues in the news.You’ve spent a small fortune on the squad, got state-of-the-art facilities and employ a dietician and a psychologist–but today you’ll win nothing without an analytics team to crunch the numbers from every aspect of your players’ performances.Nigeria Allows Cash Naira Swap to Ease Adoption of […]



“Bloomberg Opinion” columnists offer their opinions on issues in the news.
You’ve spent a small fortune on the squad, got state-of-the-art facilities and employ a dietician and a psychologist–but today you’ll win nothing without an analytics team to crunch the numbers from every aspect of your players’ performances.
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Shares in Asos soared as much as 12% after the recommendation change, while Zalando advanced 4.7%. 

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Bank of America Corp. has turned bullish on Europe’s battered online shopping companies — even if it sees little or no growth for the sector this year. 
Shares in many of these companies endured a brutal 2022, as Covid-time lockdowns ended and inflation surged. Now, BofA analysts including Geoffroy de Mendez and Ashley Wallace reckon the sector offers upside, having been cautious on it for the past 18 months. 

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