Goldman Sachs Double Upgrades Tesco (TESO) to Buy

Goldman Sachs upgraded Tesco (NASDAQ: TESO) from Sell to Buy.

Analyst Rob Joyce says the company is passing through less inflation to its customer than the other Big 4 peers. The analyst expects the company to continue to steal market share on the heels of superior cost savings which ought to boost margin expansion and therefore aid appreciation on shareholder returns.

For an analyst ratings summary and ratings history on Tesco click here. For more ratings news on Tesco click here.

Shares of Tesco closed at $4.35 yesterday.

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