Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

UBS Upgrades This Luxury E-Commerce Company – Read Why

UBS analyst Kunal Madhukar upgraded MYT Netherlands Parent BV (NYSE:MYTE) (Mytheresa) to Buy from Neutral. Madhukar said he is optimistic about the…
byShivani Kumaresan
March 24, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • UBS analyst Kunal Madhukar upgraded MYT Netherlands Parent BV (NYSE:MYTE) (Mytheresa) to Buy from Neutral.
  • Madhukar said he is optimistic about the company’s strategy of growth with solid margins as well as its compelling valuation.
  • He noted several reasons why the stock remained under the radar, including investor apathy towards eCommerce and small market cap.
  • The analyst added that the Q3 results in May and guidance for the June quarter should be a catalyst.
  • Price Action: MYTE shares are trading higher by 3.64% at $11.26 on the last check Thursday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Cannabis Stocks Chart: Renewed Legalization Hopes Widen The Valuation Gap

By Viridian Capital Advisors
Today, 5:37 PM
The graph shows the Enterprise Value to Next Twelve Months (NTM) EBITDA ratios for two groups of cannabis companies: those with market caps greater than $750M (green line) and those with market caps less than $300M (orange line). In addition, the valuation multiple difference, which we refer to as the valuation gap, is shown by the black line.

CNBS