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Fly News Breaks for August 15, 2019
ASOMY
Aug 15, 2019 | 05:31 EDT
Jefferies analyst Caroline Gulliver double downgraded Asos to Underperform from Buy and lowered her price target for the shares to 20 pounds from 35 pounds. The analyst believes it will take time for the company to rebuild trust and profitability following its profit warning in July.
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