Sanborns Raised at Citibanamex on Valuation, Comp. Sales Growth
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
GSANBOB1 MM (Grupo Sanborns SAB de CV)
People
Sergio Matsumoto (Citigroup Global Markets Inc)
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UUID: 7947283
(Bloomberg) -- Grupo Sanborns raised to buy from neutral by Citibanamex analyst Sergio Matsumoto.
- Boosts estimates for profit and PT amid better-than-expected same-store sales growth, better outlook for margins, lower stock price: Citi
- NOTE: Sanborns shares are down 11% from six-month high reached on Oct. 21, according to data compiled by Bloomberg
- Sees 4.5% same-store sales growth in 2017, compared to 4% in 2016
- Peso weakness is concerning but company should be able to continue passing on higher expense to consumers: Citi
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
GSANBOB1 MM (Grupo Sanborns SAB de CV)
People
Sergio Matsumoto (Citigroup Global Markets Inc)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283