Carrefour: Barclays still a buyer

(CercleFinance.com) - Barclays maintains its outperform rating on the Carrefour stock, along with an increased target price of 22 euros.


The analyst notes that Carrefour's discount of about 20% relative to the sector average is all the more excessive as LFL sales in France are expected to accelerate and the next CMD (8 November) will probably be a positive catalyst for it.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.