ZU: Zulily Stock Zooms on Goldman Upgrade

Strong customer growth prompted the rating boost

   

ZU: Zulily Stock Zooms on Goldman Upgrade

Shares of online retailer Zulily (ZU) jumped about 10% in Wednesday midday trading after a Wall Street investment bank raised its outlook for Zulily stock.

zulily ZU: Zulily Stock Zooms on Goldman UpgradeGoldman Sachs (GS) raised its rating for ZU stock from “Neutral” to “Buy.” GS also increased its price target for ZU shares from $47 to $50, SeekingAlpha notes.

GS cited strong Zulily customer growth for the ZU stock rating boost.

ZU stock closed at $36.54 in Tuesday trading.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/06/zu-zulily-stock-zooms-goldman-upgrade/.

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