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BNP Paribas anticipates recovery in electronics and home furnishing retail markets
Exane BNP Paribas anticipates a gradual recovery in the electronics and home furnishing sectors, spurred by easing cost-of-living pressures, innovations, and a replacement cycle. The firm rates Fnac Darty as "outperform" due to its strong market position in France and Italy, bolstered by the Unieuro acquisition. In contrast, it adopts a "neutral" stance on Ceconomy amid a recent share rally and expresses caution regarding Maisons du Monde, highlighting intense competition and high leverage concerns.
bnp paribas exane initiates coverage on fnac darty with outperform rating
BNP Paribas Exane has initiated coverage on Fnac Darty SA with an Outperform rating and a price target of EUR36.00, citing the company's strong market position and favorable product mix. Analysts are optimistic about a recovery in consumer demand driven by innovation and a replacement cycle, while potential synergies with Unieuro are also highlighted. The stock is currently valued attractively, trading at about 10 times estimated 2026 earnings, with a Capital Markets Day in June seen as a potential catalyst for growth.
Analysts Update Recommendations and Price Targets for Key European Stocks
Analysts have made several notable adjustments to their recommendations and price targets for various companies. Allianz sees a downgrade from Jefferies, while Euronext and Fnac Darty receive upgrades. Kering remains underweight, and UBS Group's rating shifts from Outperform to Neutral. Other companies like Lonza and Soitec also see target price increases.
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