Carrefour: a long and delicate recovery, according to Invest
(CercleFinance.com) - Invest Securities is still not excited about Carrefour, with the Parisian broker believing that for the French retail giant, the reconquest (will be) long, expensive, and delicate.
Maintaining their neutral rating on the share, analysts have trimmed their target price from 17.7 euros to 17.2 euros, which means that the stock has no upside potential.
Admittedly, the strategy of Carrefour's new boss Alexandre Bompard, who previously headed Fnac Darty, raised a lot of hopes. However, from his message, the broker notes major shocks suffered by the entire sector, and then the fact that Carrefour has been slow to react.
In other words, Mr Bompard's mandate promises to be arduous, involving unprecedented action/mobilisation, as well as the acceptance of a very high price to pay, together with that of the test of time, Invest Securities says, which ends, saying that it is afraid that shareholders would have difficulty accepting it.
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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.
Maintaining their neutral rating on the share, analysts have trimmed their target price from 17.7 euros to 17.2 euros, which means that the stock has no upside potential.
Admittedly, the strategy of Carrefour's new boss Alexandre Bompard, who previously headed Fnac Darty, raised a lot of hopes. However, from his message, the broker notes major shocks suffered by the entire sector, and then the fact that Carrefour has been slow to react.
In other words, Mr Bompard's mandate promises to be arduous, involving unprecedented action/mobilisation, as well as the acceptance of a very high price to pay, together with that of the test of time, Invest Securities says, which ends, saying that it is afraid that shareholders would have difficulty accepting it.
Copyright (c) 2018 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.