Carrefour: UBS adjusts target price
(CercleFinance.com) - UBS maintains its neutral rating on the food retailer's stock, shaving a fraction off its target price, which is now E17 (versus E17.
5) ahead of the publication of its Q3 2023 figures.
"Europe likely fine but Brazil a challenge", the analyst says.
"We cut Group EBIT -5%/-2% over next two years primarily driven by cuts to CRFB estimates by our colleague Vinicius Strano and point to a mixed Q3 ahead" UBS adds.
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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) ahead of the publication of its Q3 2023 figures.
"Europe likely fine but Brazil a challenge", the analyst says.
"We cut Group EBIT -5%/-2% over next two years primarily driven by cuts to CRFB estimates by our colleague Vinicius Strano and point to a mixed Q3 ahead" UBS adds.
Copyright (c) 2023 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.