Tesco, Sainsbury's boosted on JP Morgan double upgrades
Portfolio Pulse from
Tesco and Sainsbury's stocks rose after JP Morgan upgraded both from 'underweight' to 'overweight', indicating potential growth in the UK's food retail sector.
November 28, 2024 | 10:00 am
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Tesco's stock is likely to see a positive impact after JP Morgan upgraded it from 'underweight' to 'overweight', suggesting potential growth in the UK's food retail sector.
JP Morgan's upgrade from 'underweight' to 'overweight' typically signals a positive outlook, which can lead to increased investor interest and a rise in stock price.
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