Sainsbury’s Morrisons deal faces regulatory and debt hurdles, brokers say
J Sainsbury PLC (LSE:SBRY)’s shares last closed at 322.9p, with Deutsche Bank retaining a 390p price target and a 'buy' rating despite low prospects for a near-term Morrisons deal. Deutsche Bank analyst Benjamin Yokyong-Zoega said Sainsbury’s remains a logical strategic buyer in UK grocery...
J Sainsbury PLC (LSE:SBRY)’s shares last closed at 322.9p, with Deutsche Bank retaining a 390p price target and a 'buy' rating despite low prospects for a near-term Morrisons deal. Deutsche Bank analyst Benjamin Yokyong-Zoega said Sainsbury’s remains a logical strategic buyer in UK grocery...
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