MTS - Credit Suisse rates the stock as Neutral
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Credit Suisse analysts have made small reductions to forecasts as they anticipate a slower rate of sales growth for food distribution.
The analysts do see further downside risks to sales growth, while noting earnings are dependent on management achieving cost reduction targets.
Price target has fallen to $2.26 from $2.38. Neutral rating retained.
Sector: Food & Staples Retailing.
Target price is $2.38.Current Price is $2.40. Difference: ($0.02) - (brackets indicate current price is over target). If MTS meets the Credit Suisse target it will return approximately -1% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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