Fnac Darty: stock fall unjustified says Bryan Garnier

(CercleFinance.com) - Bryan Garnier reiterates its "buy" rating on the Fnac Darty stock, along with its fair value of 108 euros, judging that its recent falls (-18% since the beginning of the year) are unjustified.


“The market's concerns must be seen in perspective given the ongoing relaunch of the group's growth (FIFA World Cup, redesigning of product mix) and the removal of barriers which prevented the announcement of certain partnerships,” the broker said.

The broker considers that operational excellence still makes Fnac Darty a share to play in the context of a partnership or a potential M&A deal.



Copyright (c) 2018 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.