"Открытие Капитал": X5 Retail Group – 4Q11/FY11 preview and forecasts update // ПОКУПАТЬ
17 апреля 2012 года
We have cut our forecasts and target price for X5 to reflect a disappointing 1Q12 trading and a worsened near-term outlook. We see X5’s LfLs and revenues reaccelerating in 2Q12-4Q12, and the stock’s attractive valuations encourage us to reiterate our BUY rating. We stress, however, that visibility remains low, and X5 is hardly a good option for risk-averse investors.
- PDF 305 КБ
