Carrefour: Morgan Stanley upgrades to 'Overweight'

(CercleFinance.com) - A Morgan Stanley analyst today announced an upgrade to the Carrefour share, now adopting an "Overweight" rating, along with a target price of 19 euros.


"We think Carrefour may be at an inflection point, with soft market data showing some improvement and FY19 being the first year seeing margin momentum. This challenges our previous conservative view," Morgan Stanley said.


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