Photographer: Simon Dawson/Bloomberg

Tesco Erases Valuation Gap as Lewis Revival Plan Kicks In: Chart

About three months ago, Tesco Plc shares traded more than 30 percent below analysts’ average target price. That gap has now been erased as the stock has responded to Chief Executive Officer Dave Lewis’s turnaround plan for the U.K. grocery leader. In January, Tesco reported its first sales growth in more than four years, and analysts will look for further evidence of recovery when it reports full-year earnings on Wednesday.

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