Carrefour: Goldman Sachs upgrades stock - raises target
(CercleFinance.com) - On Tuesday, an analyst at Goldman Sachs has said that he is upgrading his rating on the Carrefour share, now recommending investors buy it.
The broker has also raised its corresponding target price of 20 euros (vs. 15.90 euros previously).
The new target price suggests upside potential of 27%.
"Confirmation of double digit profit growth in France for 2019 marks the first full year of growth in France operating margins since 2014, with guidance implying that EBIT margins expanded by at least 30bps in 2H19;" the broker says.
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