UPDATE: Morgan Stanley Starts Mytheresa (MYTE) at Overweight

February 16, 2021 4:49 AM EST
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Price: $26.50 -1.12%

Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
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(Updated - February 16, 2021 5:09 AM EST)

Morgan Stanley analyst Kimberly Greenberger initiates coverage on Mytheresa (NYSE: MYTE) with a Overweight rating and a price target of $37.00.

The analyst comments "MYTE operates in luxury eCommerce, one of the most attractive high-growth Softlines sub-segments, positioning it to benefit as luxury retail continues to shift online. $47 Bull Case likely comes into view if consensus estimates prove conservative. Initiate OW, $37 PT."

For an analyst ratings summary and ratings history on Mytheresa click here. For more ratings news on Mytheresa click here.

Shares of Mytheresa closed at $31.34 yesterday.

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