US EditionCity broker upgrades Boohoo shares to 'Hold'
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City broker upgrades Boohoo shares to 'Hold'
City broker Shore Capital has upgraded fast-fashion retailer Boohoo, now trading as Debenhams, from a ‘Sell’ to a ‘Hold’ in light of its falling share price. Boohoo’s share price has dropped by more than a third since last November, after a series of poor trading updates and a public spat with Mike Ashley. Shore Capital said the group was now trading “broadly in line with UK clothing peer averages” and that it has “re-assess[ed] the risk/reward …
·London, United Kingdom
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