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   <description>&lt;p&gt;Barclays has reiterated its “underweight” rating on Boohoo, warning that a clearer strategy does not offset what it described as a tough operating outlook. &lt;/p&gt;&lt;p&gt;The brokerage cut its price target on the stock to 13p from 21p, a 38% reduction, leaving an implied downside of 18.4% from the August 28 closing price of 16p. &lt;/p&gt;&lt;p&gt;Boohoo’s market capitalization stood at £222 million with 1.4 billion shares outstanding at that date.&lt;/p&gt;&lt;p&gt;Boohoo is in the early stages of a turnaround plan built on three pillars: scaling Debenhams’ marketplace, improving margins and restructuring its Youth Brands. &lt;/p&gt;&lt;p&gt;Barclays said Debenhams is growing but remains small</description>
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   <description>&lt;p&gt;Barclays has reiterated its “underweight” rating on Boohoo, warning that a clearer strategy does not offset what it described as a tough operating outlook. &lt;/p&gt;&lt;p&gt;The brokerage cut its price target on the stock to 13p from 21p, a 38% reduction, leaving an implied downside of 18.4% from the August 28 closing price of 16p. &lt;/p&gt;&lt;p&gt;Boohoo’s market capitalization stood at £222 million with 1.4 billion shares outstanding at that date.&lt;/p&gt;&lt;p&gt;Boohoo is in the early stages of a turnaround plan built on three pillars: scaling Debenhams’ marketplace, improving margins and restructuring its Youth Brands. &lt;/p&gt;&lt;p&gt;Barclays said Debenhams is growing but remains small</description>
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