Turkish food retailers: Pricing improves, CS ups BIM

Sok Marketler Ticaret AS

07/06/2019 07:54

** Credit Suisse believes sector fundamentals of Turkish
food retailers are improving following a weak Q1   
    ** CS ups BIM  BIMAS.IS  to "neutral" from "underperform"
due to signs of more disciplined pricing QTD and room for
positive guidance revision post-Q2
    ** The brokerage sees q/q recovery in operating margins of
Sok Marketler  SOKM.IS , which is rated "outperform", along with
better pricing  
    ** Migros's  MGROS.IS  strong FCF focus implied in this
year's guidance is a major positive, it says, keeping the stock
at "neutral"

 ((Oben.mumcuoglu@tr.com))