Carrefour: Invest Securities adjusts target price
(CercleFinance.com) - While maintaining its "neutral" rating on the Carrefour share, Invest Securities has inched up its corresponding target price from 14 euros to 14.
5 euros, judging that the stock remains in a sort of no-man's land, due to a lack of performance that will guarantee a return to profitable growth.
However, the impulses are there, its strategy is fairly convincing, and the commitment of Carrefour's dynamic forces is very real, as reflected by a CEO who is taking an increasing number of initiatives and who is clearly motivated, the analyst acknowledges.
However, he notes that the group's results still reflect the limits of a model that is dominated by hypermarkets in France and an excessive exposure to countries that are very vulnerable to the health crisis, while believing that the last four months of the year may see a deterioration in its situation.
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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.
5 euros, judging that the stock remains in a sort of no-man's land, due to a lack of performance that will guarantee a return to profitable growth.
However, the impulses are there, its strategy is fairly convincing, and the commitment of Carrefour's dynamic forces is very real, as reflected by a CEO who is taking an increasing number of initiatives and who is clearly motivated, the analyst acknowledges.
However, he notes that the group's results still reflect the limits of a model that is dominated by hypermarkets in France and an excessive exposure to countries that are very vulnerable to the health crisis, while believing that the last four months of the year may see a deterioration in its situation.
Copyright (c) 2020 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.