UBS Downgrades Carrefour Following Profit Warning

UBS has downgraded Carrefour's stock to 'neutral' and reduced its price target to 15 euros following a profit warning regarding its 2026 outlook. The company cited a deteriorating social and security situation in France as the reason for the downward revision. On October 21, 2026, Carrefour's stock fell by 13.8%, marking its largest single-session decline in history.