JPMorgan has determined 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 for the Turkish consumer sector in 2026 includes important insights about the economy and the future of the companies. JP Morgan has raised its investment recommendation for MGROS, BIMAS, and CCOLA to "overweight" level.

Improvement Expectations for 2026

The institution's report emphasized that 2025 was a challenging year for Turkish consumer companies. The sector experienced an average earnings decline 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 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 expected that this growth will 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 established target prices increase potential returns for investors. However, this information does not constitute investment advice.