Tesco, Sainsbury's to pass on all higher costs to shoppers to maintain profits, analysts predict
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Tesco and Sainsbury's are expected to pass on higher costs to consumers to maintain profits. Despite a recent £1.5 billion drop in their valuations due to profit squeeze concerns, JPMorgan suggests buying the dip, citing positive forecasts and market dynamics.
January 13, 2025 | 1:00 pm
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Tesco's valuation dropped by £1.5 billion due to profit squeeze concerns, but JPMorgan suggests buying the dip, citing positive forecasts and market dynamics.
Despite a significant drop in valuation, JPMorgan's positive outlook and the strategy to pass costs to consumers suggest a potential rebound in Tesco's stock price.
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