Jeronimo Martins: double upgrade by UBS
(CercleFinance.com) - UBS upgrades Jeronimo Martins shares directly from 'sell' to 'buy', with a target price raised from E18.
5 to E23; the new target offers 25% upside potential for the food retailer's stock.
It's time to be bold, the broker says, who highlights the potential for margin recovery expected in the medium term and the attractive risk/return profile of the Portuguese group (which also owns the Biedronka chain in Poland).
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
5 to E23; the new target offers 25% upside potential for the food retailer's stock.
It's time to be bold, the broker says, who highlights the potential for margin recovery expected in the medium term and the attractive risk/return profile of the Portuguese group (which also owns the Biedronka chain in Poland).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.