RE: SP Drop2 Feb 2022 07:15
Hopefully more of these kind of news will appear in the following weeks
Ocado : Credit Suisse raises to outperform from underperform * Ocado : Credit Suisse raises target price to 1,750p from 1,500p
BUZZ – CS expects Ocado's Re platform to deepen partnerships, upgrades to 'outperform'
08:55
* Credit Suisse double upgrades British online supermarket group Ocado to "outperform" from "underperform", citing its "greater confidence" around existing partnerships for Re
* Re:Imagined Ocado Smart Platform allows deeper relations with existing partners, it says, raising capacity by 20% and adding another 2 bln pound ($2.70 bln) sales with Kroger
* "We now expect Kroger to target $14 bln in sales to be fulfilled within the Ocado partnership," the brokerage adds, flagging fewer risks to capacity ramp-up with other partners
CS forecasts "uneventful" 2021 results, but sees 2022 consensus go down with revised guidance as it points to the two-way litigation with Autostore and associated legal costs
* On 21 analysts covering the stock, nine rate it "strong buy/buy", six rate it "hold" and six rate it "strong sell/sell" - Refinitiv data