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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