ASOS price target hiked after sale of mothballed warehouse

Mothballed Atlanta facility could offer further upside, though declining sales trends remain a concern. Deutsche Bank has raised its price target on ASOS PLC (LSE:ASC), the online fashion retailer, to 400p from 375p after the company's sale of its Lichfield distribution centre to Marks and Spencer Group PLC (LSE:MKS) for net proceeds of at least £66 million.