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Carrefour : UBS on hold, adjusts target price

(CercleFinance.com) - UBS expects a difficult H2.
The analyst maintains a neutral rating on the stock, adjusting his target price to E14 (from E14.1).

Our forecasts remain broadly unchanged due to the difficult H2 update. Shares are cheap, but the difficult environment is not a catalyst, UBS says.

The group has confirmed all its financial targets for 2024: growth in EBITDA and Current Operating Income; Net Free Cash Flow in line with the trajectory of the Carrefour 2026 plan.


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