Pepco Group Has Reached a Turning Point -- Market Talk

Dow Jones06-22

1057 GMT - Pepco is moving from being a company in restructuring to one more focused on growth and higher shareholder returns, Citi's Rafal Wiatr writes. The discount retailer reported a rise in first half profit on May 21 and said it plans to increase its dividend payout ratio to 40%, from 25% over time. It also plans to return 400 million euros to shareholders this fiscal year."The recent results confirm that the business has reached a turning point, indicating that Pepco is shifting from a period of fixing operational issues to a phase of focused growth," Wiatrsays. Citi upgrades its rating on the stock to buy from neutral and increases its target price to 40 Polish Zloty from 31 zloty.Shares are up 2.9% to 35.74 zloty. (ian.walker@wsj.com)

(END) Dow Jones Newswires

June 22, 2026 06:57 ET (10:57 GMT)

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It also plans to return 400 million euros to shareholders this fiscal year.\"The recent results confirm that the business has reached a turning point, indicating that Pepco is shifting from a period of fixing operational issues to a phase of focused growth,\" Wiatrsays. Citi upgrades its rating on the stock to buy from neutral and increases its target price to 40 Polish Zloty from 31 zloty.Shares are up 2.9% to 35.74 zloty. 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