Goldman Sachs analyst Richard Edwards upgraded J Sainsbury to Buy from Neutral with a price target of 350 GBp, up from 305 GBp. The analyst expects a “rational” U.K. food market with low single digit inflation and volume growth. Sainsbury’s has strengthened its positioning through the year, with Goldman’s price analysis indicating that it has closed the price gap versus Aldi, the analyst tells investors in a research note.
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