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N100:CA, Oct 17, 01:49 UTC

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Friday, October 11


News

Zacks Value Trader Highlights: Carnival, Athene, Diamondback, Carrefour and Freeport

CCL CA

Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks. This week she continues her series of podcasts covering Benjamin Graham’s best-selling book for value investors called “The Intelligent Investor.”. To increase the number of stock ideas, you can screen for both mid and large cap stocks, trading at 52-week lows, with a price-to-book ratio under 1.0.

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Thursday, October 10


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UPDATE 1-Carrefour Brasil signs deal with family-owned Super Nosso supermarket chain

CA TRI

UPDATE 1-Carrefour Brasil signs deal with family-owned Super Nosso supermarket chain. The Brazilian subsidiary of France's Carrefour SA said it is dropping its own brand in all of the 17 supermarkets in the metropolitan area of Belo Horizonte to take them under the Super Nosso banner within a year, it said in a securities filing late on Wednesday. "It's not a joint venture, but a partnership in which they (Super Nosso) will manage our supermarkets. Gains will arise from an improved operating performance and synergies," Luis Moreno, chief executive at Carrefour Varejo, under which the supermarkets business falls, told Reuters. "We are hopeful we can deliver sales growth in these 17 supermarkets and gain more brand visibility in the region," said Euler Nejm, Super Nosso's chief executive, adding that Super Nosso will also be able to dilute fixed costs with the tie up.

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Sunday, September 29


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Carrefour (EPA:CA) Given a €15.00 Price Target at Deutsche Bank – TechNewsObserver

CA

Finally, Sanford C. Bernstein set a €15.50 ($18.02) target price on shares of Carrefour and gave the stock a sell rating in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of €17.73 ($20.62). Carrefour has a 12 month low of €16.31 ($18.97) and a 12 month high of €23.68 ($27.53).

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News

Suning completes purchase of Carrefour’s China business

CA

Chinese retail giant Suning said Friday it has acquired 80 percent of French supermarket Carrefour’s China business as it aims to tap online food sales and expand its physical presence. Three months after the agreement was first announced, Nanjing-based Suning said in a statement posted on the Shenzhen Stock Exchange that it paid 4.8 billion yuan ($670 million) in the cash transaction completed on Thursday. German wholesaler Metro is in the process of selling its operations to a local bidder and British grocery giant Tesco pulled out of the Chinese market in 2014. However US retail giant Costco saw shoppers swamp its first store in Shanghai in the opening days in August. An appliance seller and e-commerce platform running a network of over 8,881 stores in more than 700 cities, Suning purchased 37 department stores from troubled conglomerate Wanda in February and low-cost supermarket chain Dia’s full shares in China in 2018.

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Saturday, September 28


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Suning completes purchase of Carrefour China

CA

Shanghai: Chinese retail giant Suning said on Friday it has acquired 80 percent of French supermarket Carrefour´s China business as it aims to tap online food sales and expand its physical presence.Three months after the agreement was first announced, Nanjing-based Suning said in a statement posted on the Shenzhen Stock Exchange that it paid 4.8 billion yuan ($670 million) in the cash transaction completed on Thursday. "The comprehensive digitization of retail elements is the first priority of traditional retail industry facing future development," said Suning Holdings Group´s CEO Zhang Jindong in a letter to welcome 30,000 Carrefour workers in China.One of the world´s biggest food retailers, Carrefour is in the middle of a major reorganisation after repeated losses. The deal in June valued its Chinese operations at 1.4 billion euros ($1.6 billion). German wholesaler Metro is in the process of selling its operations to a local bidder and British grocery giant Tesco pulled out of the Chinese market in 2014.

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Friday, September 27


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CARREFOUR SA/S (OTCMKTS:CRRFY) Stock Rating Lowered by Zacks Investment Research – TechNewsObserver

CA

CARREFOUR SA/S (OTCMKTS:CRRFY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports. According to Zacks, “Carrefour S.A. operates hypermarkets, supermarkets, convenience stores and cash and carry stores in Europe, the Americas and Asia. CARREFOUR SA/S presently has a consensus rating of “Hold” and an average price target of $4.25. The stock has a market capitalization of $13.65 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.15 and a beta of 0.86.

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News

Suning Completes Acquisition of Carrefour China, Accelerating Full-Scenario Retail Layout

CA

Suning Completes Acquisition of Carrefour China, Accelerating Full-Scenario Retail Layout. The news follows the deal announced earlier this year (June 23), when Suning.com revealed it intended to acquire an 80% equity stake in Carrefour China for EUR 620 million (RMB 4.8 billion). The transaction completed today represents the latest acquisition by Suning following those of Dia China and Wanda Department Stores, as Sunning continues to accelerate the expansion of its brick-and-mortar portfolio for its full-scenario retail model. In the future, Carrefour stores in China will also incorporate other Suning assets including mother-infant, sports retail and movie theaters, according to the plans revealed today.

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Sunday, September 22


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Carrefour (EPA:CA) Given a €15.00 Price Target by Deutsche Bank Analysts – TechNewsObserver

CA

The brokerage currently has a neutral rating on the stock. Finally, JPMorgan Chase & Co. set a €15.50 ($18.02) price objective on Carrefour and gave the stock a sell rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Carrefour presently has a consensus rating of Hold and a consensus price target of €17.73 ($20.62).

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Saturday, September 21


News

CARREFOUR SA/S (OTCMKTS:CRRFY) Given Average Recommendation of “Hold” by Analysts – TechNewsObserver

CA

Shares of CARREFOUR SA/S (OTCMKTS:CRRFY) have earned an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. Zacks Investment Research raised CARREFOUR SA/S from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Thursday, June 27th. The business’s fifty day moving average price is $3.66 and its 200-day moving average price is $3.82.

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Thursday, September 19


News

Carrefour SA (EPA:CA) Receives Consensus Recommendation of “Hold” from Analysts – TechNewsObserver

CA

Carrefour SA (EPA:CA) has earned a consensus rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is €17.94 ($20.86). Finally, Jefferies Financial Group set a €16.00 ($18.60) price target on Carrefour and gave the company a “neutral” rating in a report on Monday, June 24th.

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