Jefferies initiated coverage of Grupo Comercial Chedraui with a Hold rating and MXN 165 price target. The company has a long track record of above-market growth with rising margins and cash flow, but the shares trade close to long term historical valuations, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GCHEF: