Tesco: price target raised by UBS

(CercleFinance.com) - UBS has confirmed its 'buy' recommendation on Tesco shares, with a target price raised from 330 pence to 400 pence, representing 12% upside potential for the British supermarket giant's shares.


"For the first time in several years we now see a margin opportunity at TSCO", the broker summarises, raising its expectations for medium-term EBIT margins for the group.


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