Sainsbury: UBS upgrades stock

(CercleFinance.com) - UBS has upgraded Sainsbury's shares from 'neutral' to 'buy', with a target price raised from 275 pence to 295 pence, with its new TP representing 14% upside potential for the British food retailer's shares.


In its summary, the broker considers that the market is not fully integrating the company's margin and cash return potential over the medium term, and believes that the fall in the share price offers a good entry point into the business.


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