Colruyt: Barclays upgrades stock

(CercleFinance.com) - Barclays has upgraded Colruyt shares from "underweight" to "weight in line", boosting its target price for the Belgian food retailer's stock from E19 to E30, as "we turn more optimistic".


In its summary, the broker explains that it has become more optimistic about Colruyt's earnings momentum. "However, questions remain regarding its long-term growth prospects, even after the management change", it adds.


Copyright (c) 2023 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.