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Retailer Casino's Shares Rise As Kepler Cheuvreux Note Reassures

Published on Sep 14 2018 1:29 PM in Retail tagged: France / Casino / Paywall / Rallye / Kepler-Cheuvreux

Retailer Casino's Shares Rise As Kepler Cheuvreux Note Reassures

Shares in French supermarket retailer Casino, whose stock price has been hit by concerns over its debts and that of parent Rallye, rose sharply on Friday after a reassuring note from brokerage firm Kepler-Cheuvreux.

Casino shares were up by 4.4% in mid-session trading, among the best performers on Paris' SBF-120 index, although the stock remains down by some 36% so far in 2018.

Kepler Cheuvreux's note cited feedback during a meeting with Casino CEO Jean-Charles Naouri.

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