Tesco: UBS still a buyer; adjusts target price

(CercleFinance.com) - UBS reinstates its "buy" recommendation on the Tesco share, having increased its target price from 305 pence to 315 pence, saying that the US food retail giant is "Paving the way for multiple growth opportunities".


The broker adds that the "Market is increasingly sceptical but we see >35% upside," saying that it is "Reiterating our view on Tesco UK" and is "now also more positive on Asia".


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