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InRetail Peru price target raised by $4 at JPMorgan, here’s why

JPMorgan analyst Joseph Giordano raised the firm’s price target on InRetail Peru to $43 from $39 and keeps an Overweight rating on the shares. The analyst remains constructive on InRetail, saying the company has the right mix of formats and market leadership to continue being the main industry consolidator in the country, particularly in the food and drug retail segments.

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