Broker Recommendations

Shore Capital upgrades ASOS on H1 profit beat

By Benjamin Chiou

Date: Friday 21 Mar 2025

(Sharecast News) - Shore Capital has upgraded ASOS from 'hold' to 'buy' after first-half earnings came in ahead of forecasts on Friday.
The broker said it sees a "better entry point" for investors with the stock having fallen to its 2008 lows, trading at an enterprise-value-to-EBITDA ratio of just 4x, compared...

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