Metro: Invest Securities upgrades stock

(CercleFinance.com) - Invest Securities has upgraded its rating on the Metro stock from "neutral" to "buy," having increased its corresponding target price from 9 euros to 12.
8 euros, in the wake of a significantly hike in EPS estimates for the German retail group.

The exit from the health crisis in Europe should enable Metro to benefit - particularly in Western Europe - from the differentiation of a model that is dedicated to the catering business the analyst said, noting that the group has managed the health crisis by projecting itself beyond it.

The broker still has a poor perception of the speed and intensity of what should be a recovery, although FY 2021-22 year should provide a broader illustration than previously perceived, it continues, considering that the share's risk-reward is becoming attractive.

The Metro share is currently up about 0.7% at 10.4 euros.


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