(CercleFinance.com) – UBS confirms its neutral value advice with a price target of 17.5 E.
‘CA’s results for the 22nd fiscal year are expected to be strong and in line with expectations. While FR’s margin is expected to be stable, EU margins are likely to be a focus.
‘Based on the good operating performance recorded in the third quarter and the continuation of the trends recently observed for the end of the year, the Group now anticipates a generation of net free cash flow well above 1 billion euros in 2022’ had indicated the direction of Carrefour at the end of October.
The group has also set the target of net free cash flow exceeding 1.7 billion by 2026.
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