Carrefour: Oddo maintains TP

(CercleFinance.com) - Kantar has published data from 25 December to 22 January that shows that Carrefour has increased its market share by +0.
1% in the supermarket format, as it did in convenience stores, while hypermarkets remained flat, for a total of +0.2%. This level equals that of Leclerc, Aldi and Lidl (+0.2% each). It has also gained customers over the period (+320k) and is recording strong traffic, the analyst says.

Oddo also points out that the situation remains bad for Casino, which has lost 0.5% market share. This is broken down between -0.1% for Monoprix and -0.4% for hypermarkets.

Oddo confirms its Outperform rating on the stock, along with its tatget price of 19 euros, believing that the group benefits from an upbeat market momentum.


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