Colruyt shares rise as ING upgrades stock to 'buy'
** Shares of Colruyt COLR.BR jump 6.7% to EUR 42.32 per share after ING upgrades its rating for the Belgian supermarket chain to "buy" from "hold" and raises its PT by 44% to EUR 52
** "We believe Colruyt's current discount to peers is unwarranted, especially given its healthy balance sheet and potential superior EBIT growth thanks to a rebound in profitability for its Retail division," ING writes
** If the gains hold, Colruyt's shares will see their biggest daily rise since September 2023
** Up to last session's close, they were down 2.8% YTD
Reporting by Leo Marchandon
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