JP Morgan Revises Target Prices for 9 Stocks on BIST

JPMorgan (JPM) has announced changes in recommendations and target prices for Turkish consumer companies listed on Borsa Istanbul in its report dated December 11. The report forecasts that many companies will continue to grow by attempting to balance the challenging consumer environment with limited price increases as they approach 2025.

Updates in JPMorgan's recommendations and 12-month target prices:

Arçelik (ARCLK): The recommendation remains "Overweight," with the target price raised to 243.00 TL (previously: 223.60 TL). BİM (BIMAS): The recommendation remains "Overweight," while the target price was significantly increased to 985.00 TL (previously: 436.00 TL). Coca-Cola (CCOLA) Beverages: The recommendation was lowered to "Neutral," with the target price raised to 79.00 TL (previously: 71.50 TL). Ford (FROTO) Otosan: The company maintains its "Overweight" recommendation, and the target price was raised to 2,240.00 TL (previously: 1,303.00 TL). Koç Holding (KCHOL): The recommendation remains "Overweight," with the target price increased to 325.20 TL (previously: 210.00 TL). Migros (MGROS): The recommendation was upgraded to "Overweight," and the target price was raised to 982.00 TL (previously: 432.00 TL). Şok Marketler (SOKM): The recommendation was lowered to "Neutral," with the target price set at 73.00 TL (previously: 123.00 TL). Tofaş (TOASO): The recommendation remains "Neutral," with the target price decreased to 278.80 TL (previously: 326.00 TL). THY (THYAO): The recommendation continues to be "Overweight," with the target price set at 494.00 TL.

These revisions reflect JPMorgan's assessments of the Turkish consumer sector's performance in the upcoming period. The bank is carefully monitoring the companies' efforts to maintain growth and financial performance despite challenging economic conditions.