JPMorgan downgraded Shoprite to Underweight from Neutral with a ZAR 285 price target. The company has “decent” near-term growth prospects but below-peer stock ratios will contribute to sub-par returns, the analyst tells investors in a research note.
JPMorgan downgraded Shoprite to Underweight from Neutral with a ZAR 285 price target. The company has “decent” near-term growth prospects but below-peer stock ratios will contribute to sub-par returns, the analyst tells investors in a research note.