M&S downgraded due to risks from muted UK jobs market, Tesco and Sainsbury preferred
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Marks and Spencer Group PLC was downgraded by analysts due to risks from a muted UK jobs market, while Tesco and Sainsbury are preferred for their potential market share gains.
February 05, 2025 | 2:00 pm
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Tesco is maintained as a 'buy' by analysts due to its potential to gain market share despite a muted UK jobs market.
Analysts at Jefferies see Tesco as a key market share winner, maintaining a 'buy' rating despite challenges in the UK jobs market, indicating potential positive impact on stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80