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KGFHF / Tesco and Kingfisher upgraded as analysts see benefits of lower inflation

Tesco PLC (LSE:TSCO) and Kingfisher PLC (LSE:KGF) have been upgraded by Jefferies as falling energy prices are likely to be beneficial to the UK retail sector in more ways than one. The ongoing deflation in energy prices "means less pressure" on the sector, the bank said in a note on Monday, with UK consumers having displayed "strong resilience" in the face of the peak of inflation and there is now "potential to transition through a shallow contraction". Read More

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Content Topics

Tesco

Kingfisher

Upgraded

Analysts

Benefits

Lower

Inflation

Stock

KGFHF

Posted: Mar 6 2023, 08:24

Author Name: Proactive Investors

KGFHF News

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By Proactive Investors
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Tesco and Kingfisher upgraded as analysts see benefits of lower inflation

Tesco PLC (LSE:TSCO) and Kingfisher PLC (LSE:KGF) have been upgraded by Jefferies as falling energy prices are likely to be beneficial to the UK reta

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