'THE digital fashion platform' - Midcap starts Spartoo with 'buy'
05/10/2021 10:41
** Midcap Partners initiates the coverage of fashion company
Spartoo ALSPT.PA with "buy", pointing to the expansion of its
online offer and a relevant store development strategy
** "Consumers want a new and original customer experience
that must start online, continue on social media and end in the
'real world'," the broker notes
** As Spartoo is now ready for a new phase of growth, Midcap
expects its revenue to grow more than 10% each year by 2024
while its operating margin should exceed 5%
** The brokerage sets a target price of 9.2 euros per share,
about 55% higher than the current price level
(Reporting by Juliette Portala)
((juliette.portala@tr.com))