JPMorgan has set target prices for Turkish companies for 2026.

New Target Prices for Turkish Companies from JPMorgan

JPMorgan has announced new target prices for Turkish companies. The report published on the outlook for the Turkish consumer sector in 2026 contains important insights about the economy and the future of companies. JPMorgan has especially raised its investment recommendation for MGROS, BIMAS, and CCOLA to "overweight."

Expectations of Improvement in 2026

The report emphasizes that 2025 was a challenging year for Turkish consumer companies. The sector experienced an average earnings drop of 20% last year, and signs of recovery are expected this year. JPMorgan hopes for an improvement in the macroeconomic outlook in 2026. However, it is noted 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. This growth is expected to be significantly felt in the second half of the year. The institution also provides hope that disinflation will continue, albeit slowly.

New Target Price 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 does not constitute investment advice.