Carrefour: UBS expects 'solid' sales in 2022
(CercleFinance.com) - UBS confirms its neutral rating on the stock with a price target of 17.
"CA's FY22e results should be solid and inline with expectations. While FR margin should be stable, weak EU picture likely a focus for investors".
Based on good operating performance in Q3 and a continuation of recent trends at the end of the year, the group now expects net free cash flow generation well above 1 billion euros in 2022, Carrefour's management said in late October.
The group has also set a target of net free cash flow in excess of 1.7 billion euros by 2026.
Carrefour shares are doing quite well this morning - up over 2.5% in a very flat market in Paris.
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