Carrefour: UBS raises target price

(CercleFinance.com) - UBS maintains its "buy" recommendation on Carrefour shares, having increased its corresponding target price from 17 euros to 18.
5 euros, which suggests upside potential 24% for the share of the French food retail giant.

"UBS Evidence Lab data shows sizeable improvement in CA's key customer metrics in FR on an absolute and relative basis," the broker says, adding that it is raising its estimates for the group.


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