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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.
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BNP Paribas anticipates recovery in electronics and home furnishing retail markets
15:28 01.04.2025
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