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ASBFY / Primark should benefit most from easing inflation, broker upgrades parent AB Foods

Primark should benefit most from easing inflation, broker upgrades parent AB Foods
Moderating inflation is particularly good news for Associated British Foods PLC's Primark chain, say analysts at RBC Capital Markets, leading to them upgrading their recommendation. “We think an improvement in Primark profitability should drive double-digit earnings growth for ABF, which is not being captured by the current valuation,” the analysts said, moving to an 'outperform' rating from the previous 'sector perform'. Read More
Posted: May 16 2023, 06:54
Author Name: Proactive Investors
Views: 111554

ASBFY News  

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By Proactive Investors
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