What Goldman Got Wrong Upgrading UK's Biggest Retailer: Gadfly
It's been a long time since Tesco felt some stock market love.
But on Monday, analysts at Goldman Sachs Group Inc. issued a double upgrade of the shares to buy from sell, making them the biggest gainer in the FTSE-100 index on Tuesday.
They're right to be more positive on Tesco. The company's £3.9 billion takeover of Booker Group was recently approved by competition authorities with no forced store sales -- a far better outcome than had been widely expected.
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