Magnit PAO (MGNT) Rating Lowered to Underperform at Credit Suisse Group

Credit Suisse Group lowered shares of Magnit PAO (LON:MGNT) to an underperform rating in a research note issued to investors on Friday.

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About Magnit PAO

Magnit PAO, formerly Magnit OAO (Magnit OJSC) is a Russia-based holding company, which is engaged in the food retail industry. The Company operates the chain of numerous convenience stores and hypermarkets, as well as Magnit Family stores in more than 1,763 locations across the Russian Federation. The Company’s stores are located within the Southern, Central and Volga Regions, North-Western and Urals Regions.

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