Tesco still favorite stock despite Walmart’s Asda deal with Sainsbury’s, asset manager says
Publishing timestamp: 2018-05-10 09:20:48
Summary
The $10 billion deal between Asda and Sainsbury's has drawn attention from investors, but some asset managers still believe Tesco is the best stock pick. The merger could potentially make Asda and Sainsbury's the largest food retailer in the U.K., but history shows that companies often lose market share after merging. Other players in the supermarket space may have an opportunity to assert their authorities. Analysts have mixed opinions on the stocks of Tesco, Sainsbury's, and Morrisons. Morrisons has left the door open to a potential bid for Sainsbury's, depending on the verdict from U.K. regulators on the Asda-Sainsbury's tie-up.
Sentiment: NEUTRAL
Tickers: TSCO-GB, MRWN-MX, SBRY-GB,
Keywords: business news, wm morrison supermarkets p l c, tesco plc, j sainsbury plc, europe news, united kingdom, stock markets,