 rose over 2 percent on Tuesday, after Credit Suisse upped their price target on the stock.){kind=link}
Shares in online fashion retailer ASOS (LON:ASC) rose over 2 percent on Tuesday, after Credit Suisse upped their price target on the stock.
Analysts at the bank changed their tune on the AsSOSs fallen over 7 percent over the last three months, prompting Credit Suisse to up their price target from 5,300p to 5,600p. Shares are now 14 percent below their most recent peak.
The Swiss bank expects active customer growth to remain at over 20 percent year-on-year, representing a slowdown from last year but still remaining healthy.
In July ASOS reported another set of impressive figures, adding that it expected to reach the top end of its guidance for the full year. It reported a 26 percent increase in total group revenue over the quarter to £675.8 million, with UK sales edging up 16 percent to £234.5 million and US sales hitting £94.4 million.
ASOS is currently one of the biggest movers in the FTSE 100 on the news, up 2.55 percent to 5,743.00 (1430GMT).