Metro: Invest Securities upgrades stock

(CercleFinance.com) - Invest Securities has upgraded its rating on the Metro stock from "sell" to "neutral," having increased its corresponding target price from 8.
2 euros to 8.8 euros (current price: 9.8 euros), judging that the group appears to be resisting in the current situation.

The broker adds that the group is in good shape financially to capitalise on the expected normalisation of its operating conditions, while the company will have to cope with a potentially tricky second quarter.

The slightest delay in the management of the pandemic could heavily affect the final forecasts, with volatility being further increased by the weakness of margins and the group's operating lever, the analyst adds.



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