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Fly News Breaks for October 5, 2015
TSCDY
Oct 5, 2015 | 08:21 EDT
Bernstein expects Tesco's interim 1H15 results, due to be reported on Wednesday, to show impressive U.K. sales, increased balance sheet stability, and visibility on margins doubling next year. The firm thinks that investors should be pleased by these results, while they will prove the bears' thesis of a "stalled recovery" incorrect. Bernstein keeps an Outperform rating on the shares.
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