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Fly News Breaks for December 5, 2017
TSCDY
Dec 5, 2017 | 08:34 EDT
As previously reported, Goldman Sachs upgraded U.K. supermarket operator Tesco (TSCDY) to Buy from Sell. Analyst Rob Joyce said competition is still intense in the U.K. grocery market, but data suggests 2018 will see greater industry margin expansion than this year. Tesco can continue taking share from the "Big 4," contends Joyce, who increased his price target on the stock to 220p from 155p.
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