FRANKFURT (dpa-AFX) - Zalando shares were among the best performers on the DAX on Monday morning, gaining up to 1.7 percent. Most recently, the stock was still among the top performers on the slightly weaker DAX on Monday, with a gain of one percent.
This means that the online retailer's shares are back on their 50-day line within a sideways phase on the price chart. However, the experts at Goldman Sachs are very optimistic, adding the shares to their list of favorites in their June commentary as part of their monthly review.
Zalando is the best-positioned "pure e-commerce player" in the ongoing shift of sales to the internet, they said. The highly profitable Zalando Marketing Services division is also benefiting from strong online growth.
Goldman considers the acquisition of About You to be a significant boost to earnings and also sees long-term synergy potential. /ag/stk
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