From Investing.com: 2024-11-19 04:22:08

RBC Capital Markets initiates coverage on UK grocery chains Tesco and Sainsbury’s, with Tesco rated “sector perform” and Sainsbury’s as “outperform” for growth potential. Tesco, the largest grocer with 28% market share, faces challenges in certain divisions but aims for margin expansion. Sainsbury’s, the second largest grocer, has reversed decline with a focus on food business and cost control, presenting opportunities for margin improvement and cash returns. Despite strong performance, Sainsbury’s trades at a discount to Tesco, with RBC projecting further market share and margin improvements.



Read more at Investing.com: RBC initiates Tesco at ‘sector perform’, Sainsbury’s at ‘outperform’ By Investing.com