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J Sainsbury's stock rating has been downgraded by BNP Paribas from "strong-buy" to "hold," while HSBC Global Research upgraded it to "strong-buy." Currently, the stock has a consensus rating of "Strong Buy," with a recent price of $12.25, reflecting a 2.2% increase. The company operates in food, general merchandise, clothing retailing, and financial services in the UK and Ireland.
BNP Paribas Exane has downgraded J Sainsbury PLC from Outperform to Neutral, setting a price target of GBP2.55 amid concerns over market shifts following Asda's recent announcement. The supermarket sector is experiencing volatility, with Sainsbury’s shares down 6% since then. Analysts suggest that while there is a potential downside of 20-30%, a 50% upside could occur if Asda's issues are systemic, benefiting Sainsbury’s and Tesco in the long term.
Michigan's Consumer Sentiment preliminary reading is expected to rise to 70.9 in October, while key speeches from Fed officials are anticipated. In the bond market, the 10-year U.S. Treasury yield is at 4.092%. European markets are mixed, with the Euro Stoxx 50 futures down slightly, as investors await U.S. bank earnings and updates on China's fiscal stimulus. The U.K. economy showed growth in August, while Germany's inflation eased to 1.6%. Asian markets closed mixed, with Japan's Nikkei 225 rising on investor adjustments ahead of a holiday, while China's Shanghai Composite fell amid caution over potential stimulus measures. U.S. futures are down as the market awaits crucial PPI data and bank earnings.
J Sainsbury plc
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J Sainsbury stock rating downgraded by BNP Paribas amid mixed analyst opinions
13:29 05.04.2025
bnp paribas exane downgrades j sainsbury stock to neutral amid market concerns
09:18 01.04.2025
market awaits key economic data and bank earnings reports today
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