HSBC Updates Target Prices for Turkish Retail Companies

In a July 10 report on the Turkish retail sector, HSBC predicts that the second minimum wage increase will support consumer demand, which will strengthen the stable growth in Turkish retail companies. Within the scope of this thought, according to the information in the report, HSBC has changed the target prices of some Turkish retail companies. Here are those changes:

  • Anadolu Efes’ target price was increased from 85.00 TL to 95.00 TL.
  • BIM’s target price has been revised from 215.00 TL to 220.00 TL.
  • The target price of Coca-Cola İçecek has not changed as 320.00 TL.
  • DO & CO’s target price has been increased from TL 4,100.00 to TL 4,300.00.
  • Mavi’s target price has been increased from 90.00 TL to 105.00 TL.
  • Migros’ target price was increased from 240.00 TL to 280.00 TL.
  • The target price of SOK has been increased from 40.00 TL to 45.00 TL.
  • Ülker’s target price, on the other hand, remained unchanged at TL 54.00.

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