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29 Jul 2021
CARREFOUR - BUY | EUR21 VS. EUR20 (+33%) Ongoing recovery, higher shareholder returns and pro-activity in foodtech

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CARREFOUR - BUY | EUR21 VS. EUR20 (+33%) Ongoing recovery, higher shareholder returns and pro-activity in foodtech
- Published:
29 Jul 2021 -
Author:
Clement Genelot -
Pages:
4 -
CARREFOUR - BUY | EUR21 VS. EUR20 (+33%)
Ongoing recovery, higher shareholder returns and pro-activity in foodtech
France continues to outperform
EBIT margin improvement ensured by cost-cutting
Upgraded FCF outlook and new share buyback programme
Welcome opening to quick commerce through stake acquisition in Cajoo
Buy reiterated with a TP lifted from EUR20 to EUR21