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- UBS analyst Kunal Madhukar upgraded MYT Netherlands Parent BV MYTE (Mytheresa) to Buy from Neutral.
- Madhukar said he is optimistic about the company's strategy of growth with solid margins as well as its compelling valuation.
- He noted several reasons why the stock remained under the radar, including investor apathy towards eCommerce and small market cap.
- The analyst added that the Q3 results in May and guidance for the June quarter should be a catalyst.
- Price Action: MYTE shares are trading higher by 3.64% at $11.26 on the last check Thursday.
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