Carrefour: Berenberg reduces target price
(CercleFinance.com) - On Wednesday Berenberg trimmed its target price for Carrefour shares from 21.
5 euros to 21.2 euros, while maintaining its buy rating on the stock.
In a report, the broker points out that the leading French food retailer has delivered H1 results that are in line with its expectations.
In particular, the analyst notes that the company has gained market share in its main geographical areas (France, Spain and Brazil) and maintains its FCF target for the year.
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