Carrefour: on the right track, according to Bryan Garnier

(CercleFinance.com) - Bryan, Garnier & Co.
confirms its buy rating on the Carrefour share, even though analysts are not that enthusiastic about the acquisition of shares in the online clearance group Showroomprivé (SRP Groupe). The brokers have a target price of 20 euros for the share.

Analysts react to Carrefour's acquisition of the 17% stake that Conforama, a subsidiary of Steinhoff, owns in Showroomprivé, where it will become the second largest shareholder after its founders, saying that it: " is probably not the structuring deal the market was dreaming of," the title of its research report.

However, "it is a first step towards more announcements on 23rd January," when chairman and CEO Alexandre Bompard will announce his "strategic transformation plan" for Carrefour. Especially since this partnership with an e-commerce player is a good point for the group's "digitization," which was not one of Carrefour's strong points until then.


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