(CercleFinance.com) – Invest Securities downgrades its opinion on Metro from ‘neutral’ to ‘sell’, deeming 2020/21 to be ‘seriously mortgaged’ for the German retail group and seeing a ‘risk of further downward revisions of very significant results’ in his scenario.
‘Clearly, the stock market momentum which allowed the action to quickly recover around + 35% from its 2020 lows, obscures a rebound in results postponed to the financial year on October 1, 2021 …’, estimates the analyst.
‘If we have not seen this stock market catching up, influenced by a sector rotation favoring a stock expected value (dividend maintained), our price target modestly revised from 7.6 to 8.2 euros requires us to sell’ , he concludes.
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