UBS raised Tesco stock rating buy oct 17 2012

UBS raised Tesco stock rating buy oct 17 2012 : Analysts at UBS have today raised their view on shares of Tesco to buy, from neutral, saying that Tesco is recalibrating the manner in which value is delivered to shareholders by lowering capital intensity and focusing on cash generation.

‘This has the scope to drive significant cash returns – our analysis suggests the company could feasibly buy back almost £8bn of equity and return around 60% of market cap to investors in cash, including dividends, over the period to February 2018.’ FTSE 100 up 31 to 5,901.

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