Casino: Invest Securities upgrades stock
(CercleFinance.com) - Invest Securities has upgraded its recommendation on the Casino share to neutral (from sell), while reducing its target price to 23.
50 euros (from 31 euros - current price 22.4 euros).
In the current economic turmoil, investors need a good dose of optimism to like the Casino share... Not that the company does not deserve this at a purely operational level (like its peers), by increasing the number of initiatives to increase the flexibility and reactivity of its BM in the face of the lasting lessons of the health crisis, the broker said.
However, these efforts are coming up against both internal and external constraints that are difficult to lift, whether this is the adversity of operating conditions in the face of major economic issues, or the financial constraints that weigh on the entire structure, Invest Securities adds.
This explains why the broker remains cautious.
Copyright (c) 2020 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.
50 euros (from 31 euros - current price 22.4 euros).
In the current economic turmoil, investors need a good dose of optimism to like the Casino share... Not that the company does not deserve this at a purely operational level (like its peers), by increasing the number of initiatives to increase the flexibility and reactivity of its BM in the face of the lasting lessons of the health crisis, the broker said.
However, these efforts are coming up against both internal and external constraints that are difficult to lift, whether this is the adversity of operating conditions in the face of major economic issues, or the financial constraints that weigh on the entire structure, Invest Securities adds.
This explains why the broker remains cautious.
Copyright (c) 2020 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.