Carrefour: Bryan Garnier mentions a period of uncertainty.
(CercleFinance.com) - In a report distributed on Friday morning, following the publication of the retailer's interim sales figures, Bryan Garnier, while maintaining its buy rating on the stock, with a target price of 29 euros, lamented that regarding Carrefour, it is currently in an uncomfortable zone of uncertainty.
The broker admits that it now has no idea about the investments made by the group to face competition from Leclerc in Q2.
The broker also pointed out that group management did not wish to comment on the current consensus for Ebit in 2017.
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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.
The broker admits that it now has no idea about the investments made by the group to face competition from Leclerc in Q2.
The broker also pointed out that group management did not wish to comment on the current consensus for Ebit in 2017.
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.