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Fly News Breaks for February 21, 2019
JSAIY
Feb 21, 2019 | 06:21 EDT
UBS analyst Daniel Ekstein downgraded J Sainsbury to Neutral saying the merger with Walmart's Asda is looking unlikely.
News For JSAIY From the Last 2 Days
JSAIY
Apr 21, 2024 | 11:20 EDT
Jefferies upgraded J Sainsbury to Buy from Hold with an unchanged price target of 300 GBp. The firm's UK consumer cash flow model shows a consumer with "substantial disposable income recovery" over the next year, with fiscal fiscal 2024 and 2025 growth of 7% as rising wages and sinking energy costs offset incremental pressures from housing. The analyst recommends buying UK grocery names for exposure to "structural attractions."
