Zara Owner Gets a Rare Sell Recommendation From a Familiar Source
- Deutsche Bank analyst reverts to negative stance on retailer
- Consensus expectations ‘too ambitious,’ Adam Cochrane says
A Zara store in London.
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
Zara owner Inditex SA got a rare sell rating on Wednesday. From a not unfamiliar source.
Deutsche Bank AG analyst Adam Cochrane downgraded the fast-fashion merchant to sell from hold as part of a gloomy assessment of the wider European retailing scene.