Carrefour presented a believable turnaround plan last week. Although investors might prefer to wait to see some tangible ‘on the ground’ implementation (due to less than desired outcomes from earlier plans), we remain optimistic about the new CEO’s capability to steer the business. The first green shoots should be visible by H2 FY18. Our stock recommendation is reset upwards to ‘Add’.
30 Jan 2018
Credible turnaround plan; implementation is the key
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Credible turnaround plan; implementation is the key
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
30 Jan 2018 -
Author:
Nishant Choudhary -
Pages:
4
Carrefour presented a believable turnaround plan last week. Although investors might prefer to wait to see some tangible ‘on the ground’ implementation (due to less than desired outcomes from earlier plans), we remain optimistic about the new CEO’s capability to steer the business. The first green shoots should be visible by H2 FY18. Our stock recommendation is reset upwards to ‘Add’.