Tesco (LON:TSCO – Get Free Report) was downgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a report issued on Tuesday, Digital Look reports. They currently have a GBX 250 ($3.16) price objective on the retailer’s stock, down from their prior price objective of GBX 270 ($3.41). JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 2.50% from the stock’s current price.
Separately, Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Monday, July 3rd.
Tesco Trading Down 2.8 %
Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.
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