(CercleFinance.com) – Colruyt gains almost 3% in Brussels, supported by comments from UBS which is initiating ‘purchase’ coverage, with a price target set at 49.5 euros, on the title of the Belgian group of food distribution.
‘Colruyt’s resilient growth, the continued recovery of its margins in the medium term and its solid cash position suggest the remaining structural upside potential,’ says the broker in its note.
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