Tesco’s ability to regain lfl momentum after a softer Q3 in the UK is noteworthy. However, the company needs to improve the international operations (especially in Poland and Thailand) in order to be re-rated upwards. We have tweaked the earnings estimates but maintain the stock recommendation.
14 Jan 2019
A good Christmas for Tesco
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A good Christmas for Tesco
Tesco PLC (TSCO:LON) | 294 9.1 1.1% | Mkt Cap: 20,705m
- Published:
14 Jan 2019 -
Author:
Nishant Choudhary -
Pages:
3
Tesco’s ability to regain lfl momentum after a softer Q3 in the UK is noteworthy. However, the company needs to improve the international operations (especially in Poland and Thailand) in order to be re-rated upwards. We have tweaked the earnings estimates but maintain the stock recommendation.