3i Group initiated with an Outperform at Bernstein

Bernstein initiated coverage of 3i Group (TGOPY) with an Outperform rating and 5,200 GBp price target The company’s leading European discount variety store, Action, is an “attractive growth and quality compounder story,” the analyst tells investors in a research note. The firm believes 3i’s net asset value per share can compound at 20% annually through fiscal 2028. The analyst names 3i Group the firm’s top pick.