Broker Recommendations

Asos 'paddling upstream' as sales pressures continue, says Shore Capital

By Benjamin Chiou

Date: Tuesday 09 Apr 2024

(Sharecast News) - Shore Capital has reiterated its 'sell' recommendation for fast fashion retailer Asos, saying the company is "paddling upstream" with ongoing sales pressure, high debt levels and competitive threats..
Ahead of the company's first-half results due on 17 April, Shore Capital has cut its revenues forecasts for the year...

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