JPMorgan has set target prices for Turkish companies for 2026.

JPMorgan's New Target Prices for Turkish Companies

JPMorgan has announced new target prices for Turkish companies. The report published regarding the outlook of the Turkish consumption sector for 2026 includes significant assessments about the economy and the future of companies. JP Morgan has raised its investment recommendation for MGROS, BIMAS, and CCOLA to "overweight" level.

Improvement Expectations in 2026

The report emphasizes that the year 2025 was challenging for Turkish consumer companies. The sector experienced an average profit decline of 20% last year, but it is expected to show signs of recovery this year. JPMorgan hopes for an improvement in the macroeconomic outlook in 2026. However, it is stated that consumer spending may still remain fragile.

Target Prices for Consumer Companies

JPMorgan predicts that the Turkish economy will grow by 4.4% in 2026. It is anticipated that this growth will be felt significantly in the second half of the year. The institution also provides hope that disinflation will continue, albeit slowly.

New Target Prices List

• THYAO: 547.50 TL (Previous: 271.50 TL)
• TOASO: 327.60 TL (Previous: 236.90 TL)

The current prices of these companies and the determined target prices increase potential returns for investors. However, this information is not intended as investment advice.