BUZZ – Australia's Woolworths: Analysts bullish after Q1 sales surge05 Nov 2020 09:56
- * Jefferies, Citi upbeat on Woolworths' prospects after Australia's biggest grocery chain on Wednesday reported higher Q1 sales, as coronavirus lockdowns boosted demand for household essentials ...
- * Sales were in line with expectations but highlighted strong momentum across the businesses as they outperformed rival
Coles , Jefferies analysts write
WOW's investments position it well for the future" - Jefferies ("buy", PT A$46.50)- * Citi ("buy", PT A$44.50) says the grocery landscape remains favourable as it upgrades earnings estimates on WOW by 2.5% for FY21 and 1.7% for FY22
- * Eight of 12 brokerages rate the stock "buy" or higher, four "hold"; median PT A$43.25
Australia's Woolworths: Analysts bullish after Q1 sales surge
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