UBS confirms its neutral recommendation on the value with a price target of E17.5.

' CA's FY22 results are expected to be solid and in line with expectations. While FR margins should be stable, EU margins are likely to be the focus of attention.

' On the basis of the good operating performance recorded in the third quarter and the continuation of the trends observed recently for the end of the year, the Group now anticipates net free cash flow generation well in excess of E1bn in 2022 ' had indicated Carrefour's management at the end of October.

The Group has also set the target of net free cash flow in excess of E1.7bn by 2026.

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