Casino: Barclays raises TP, but still negative
(CercleFinance.com) - While raising its target price for Casino shares from E0.
10 to E0.60, Barclays maintains its 'Underweight' recommendation on the stock, due to weak earnings momentum and a higher risk profile.
The broker updates its model following the retail group's recently announced strategic plan and the restructuring measures implemented, but believes that the turnaround in France still offers limited visibility.
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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 a decision-making aid 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.
10 to E0.60, Barclays maintains its 'Underweight' recommendation on the stock, due to weak earnings momentum and a higher risk profile.
The broker updates its model following the retail group's recently announced strategic plan and the restructuring measures implemented, but believes that the turnaround in France still offers limited visibility.
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 a decision-making aid 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.