Deutsche Bank and Jefferies have raised their price targets for Tesco, citing resilient earnings despite slow sales growth. Deutsche Bank increased its target to 550p with a 'buy' rating, highlighting strong sales mix and cost savings. Jefferies raised its target to 500p but maintained a 'hold' rating, noting cautiousness due to high valuation multiples and a tougher economic environment. Both see growth opportunities from Tesco's retail media and new ventures like Whoosh, but expect limited margin expansion in the near term.
Tesco's ratings and price targets have recently diverged, with Deutsche Bank raising its target to 550p and Jefferies to 500p. For readers following the Consumer Staples sector, here is Pluang's market snapshot as of Oct 09, 2026 17:42 WIB: out of 57 priced US stocks, 20 rose and 27 fell. Notable movers include Anheuser-Busch Inbev SA (BUD) at USD 76.64 with 100% sell order activity, J M Smucker Co (SJM) at USD 120.56 up 0.96%, and PepsiCo, Inc. (PEP) at USD 127.69 with 72% buy order activity and a typical hold time of 107 days.
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