Bond.az - Morgan Stanley initiated coverage on Tesco Plc. (LON:TSCO) with an overweight rating and a price target of GBP5.60.
Analyst Izabel Dobreva noted Tesco's strong operating momentum, driven by market share gains, premiumisation, online growth, and retail media. The stock has returned 25% over the past year.
The firm expects UK retail like-for-like sales growth above 3.5% annually through FY27-FY28e. Morgan Stanley believes consensus underestimates Tesco's durable competitive advantage.
Morgan Stanley named Tesco a top pick, with the 12-month price target implying 20% upside.












