Carrefour: Oddo raises its target price.
(CercleFinance.com) - Oddo has raised its price target on the Carrefour stock to 28 euros, so as to integrate the new valuation of Atacadao in Brazil.
Saying that "The 18% discount to the sector seems severe," its analysts confirm its buy rating on the stock.
Carrefour's board of directors therefore unanimously elected Alexandre Bompard as CEO of Carrefour as from 18 July, taking over from Georges Plassat.
"We remain convinced that our scenario of a Carrefour/Fnac Darty merger is relevant, both strategically (Internet strategy of two groups, reallocation of non-food surface area of Carrefour, securitisation of Fnac Darty synergies) and for shareholders (ROIC of over 10%), with an accretive impact on EPS" Oddo says in its daily research report.
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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.
Saying that "The 18% discount to the sector seems severe," its analysts confirm its buy rating on the stock.
Carrefour's board of directors therefore unanimously elected Alexandre Bompard as CEO of Carrefour as from 18 July, taking over from Georges Plassat.
"We remain convinced that our scenario of a Carrefour/Fnac Darty merger is relevant, both strategically (Internet strategy of two groups, reallocation of non-food surface area of Carrefour, securitisation of Fnac Darty synergies) and for shareholders (ROIC of over 10%), with an accretive impact on EPS" Oddo says in its daily research report.
Copyright (c) 2017 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.