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Brokerage review tempers expectations for leading retail stock
A brokerage cut its price target on Avenue Supermarts due to slower growth expectations, while maintaining a long-term view on its retail strength.
A brokerage has lowered its price target on Avenue Supermarts, citing slower growth assumptions and margin related pressures. Moderation in store expansion pace and rising operating costs as near term challenges. Despite the downgrade, the company’s strong brand presence and execution capabilities continue to support its long term investment case. Investors are now balancing structural retail growth with near term valuation considerations.