HSBC Securities Upgrades This Retailer’s Shares to Neutral

HSBC Securities upgraded its rating of Tesco (TSCDY) from Underweight to Neutral.  No price target was given.  The shares recently traded at $181.15, up $0.70, or 4.01%, on the day.  Its market capitalization is $48.76 billion.  About the company: Tesco PLC is an international retailer. The principal activity of the Company is retailing and associated activities in the United Kingdom, China, the Czech Republic, Hungary, the Republic of Ireland, India, Japan, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and the United States.

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