Don't expect steady Sainsbury to knock it out the park, says US investment bank

  • Citi does not expect J Sainsbury PLC (LSEBRY) to knock it out of the park – quite the reverse, it expects a low-key performance from the grocer. The bank is sticking to its 'neutral' stance and 300p price target ahead of the retailer's first-quarter trading update, due on 1 July, with forecasts broadly in line with consensus and no change to its full-year earnings estimates or 300p price target.