Tesco: Invest Securities upgrades 'sell' rating
(CercleFinance.com) - Invest Securities has upgraded its "sell" rating on the Tesco share from to "neutral," while raising its target price from 189 pence to 234 pence, highlighting a "particular" situation on the chessboard of European food retail.
The analyst says that at a time when Carrefour is getting stuck in the crisis, Tesco is managing to keep its head above water, boosted by the fact it is easily maintaining its leading position in the UK, a market regarding which we had underestimated the insularity...
Invest Securities points out that the turnaround in inflationary trends in the UK food market trends has not unduly penalised operating conditions, nor has consumer behaviour.
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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 analyst says that at a time when Carrefour is getting stuck in the crisis, Tesco is managing to keep its head above water, boosted by the fact it is easily maintaining its leading position in the UK, a market regarding which we had underestimated the insularity...
Invest Securities points out that the turnaround in inflationary trends in the UK food market trends has not unduly penalised operating conditions, nor has consumer behaviour.
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.