Report
Clement Genelot

Tesco: "beat-and-raise" cycle still in motion post-H1

Post-another strong H1 publication and guidance upgrade, we continue to view Tesco as a "beat-and-raise" story with continued ability to lift guidance and positively surprise, and have lifted our FY 2024-26 FCF by c.6% and our PT to 404p. Tesco's exposure to the still healthy UK market combined wit
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Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Clement Genelot

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