Tesco: UBS confirms buy rating

(CercleFinance.com) - UBS reiterates its Buy rating on the Tesco stock, with an unchanged target price of 315 pence, representing a 6% upside potential from its current price.


"Expect a strong FY24e finish; focus shifts to FY25e" the broker says.

"We see a strong Q3/Christmas as TSCO enters FY25e with good momentum. Potential for further profit growth in FY25e remains and stock still inexpensive" UBS adds.


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