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Benzinga

Business

Shivani Kumaresan

UBS Upgrades This Luxury E-Commerce Company - Read Why

UBS eCommerce NYSE

UBS analyst Kunal Madhukar upgraded MYT Netherlands Parent BV (NYSE:MYTE) (Mytheresa) to Buy from Neutral.
Madhukar said he is optimistic about the company's strategy of growth with solid margins as well as its compelling valuation.
He noted several reasons why the stock remained under the radar, including investor apathy towards eCommerce and small market cap.
The analyst added that the Q3 results in May and guidance for the June quarter should be a catalyst.
Price Action: MYTE shares are trading higher by 3.64% at $11.26 on the last check Thursday.

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