MARKET TALK: Liberum Starts Tesco At Buy

17th Jun 2010 11:42

1042 GMT [Dow Jones] Liberum Capital initiates coverage of Tesco (TSCO.LN) with a buy rating and 450p target. "Tesco is well-positioned to outperform its UK peer group due to its mix of activities and strong market position. Asia is the best performing international division," Liberum says. Liberum expects Tesco to deliver a comparatively robust performance in the UK due to its low price/good value credentials and the growth stimulus from other areas--internet, non-food and financial services. Shares +0.1% at 396p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 17, 2010 06:42 ET (10:42 GMT)