Casino: Invest Securities downgrades to 'sell'
(CercleFinance.com) - Invest Securities has downgraded its rating "neutral" rating on the Casino stock to "sell," cutting its target price from 41.
5 euros to 34 euros, saying that the publication of forthcoming interim results (in two stages) once again promises to be “sporting”.
There is an absolute need to improve results, and while every effort is being made to achieve this, the visibility of the outlook remains poor, given the adverse operating conditions, the analyst who monitors the stock said.
In the immediate future, he believes that the publication of H1 sales should be along the same line as in Q1, while Casino suggested that the trend would improve in Q2, on a comparable basis.
Copyright (c) 2018 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.
5 euros to 34 euros, saying that the publication of forthcoming interim results (in two stages) once again promises to be “sporting”.
There is an absolute need to improve results, and while every effort is being made to achieve this, the visibility of the outlook remains poor, given the adverse operating conditions, the analyst who monitors the stock said.
In the immediate future, he believes that the publication of H1 sales should be along the same line as in Q1, while Casino suggested that the trend would improve in Q2, on a comparable basis.
Copyright (c) 2018 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.