Seems the analysts will direct more clients into WOW in the coming months as COL is getting expensive
Coles Bull Stands Firm Despite Temptation to Favor Woolworths -- Market Talk2339 GMT - Coles' bull Citi remains optimistic on the Aussie supermarket operator, thoughanalyst Adrian Lemme tells clients in a note that it is tempting to switch to chief rivalWoolworths on a mean reversion argument. Lemme writes that Coles should continue tooutperform Woolworths in same-store sales for at least the next few quarters, and thatthere is a good case for Coles to pursue up to A$1.6 billion in capital management in FY2026. Woolworths will eventually turn things around, but it's going to take time, Lemmewrites, noting that Woolworths' recent price cut announcement is unlikely to materiallymove the needle.
WOW Price at posting:
$32.30 Sentiment: Buy Disclosure: Held
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