WOW 0.03% $32.99 woolworths group limited

DJ MARKET TALK: Woolworths Cut to Sell from Neutral - Citi 2257...

  1. 565 Posts.
    DJ MARKET TALK: Woolworths Cut to Sell from Neutral - Citi

    2257 GMT [Dow Jones] STOCK CALL: Woolworths (WOW.AU) has been downgraded to Sell
    from Neutral by Citigroup as it sees the company's recent share price gains as
    having stretched their valuation. Citigroup has a target share price of A$31--the
    company's shares closed Thursday at A$34.93. "We feel the share price has
    stretched beyond fundamentals and fails to take into account risks and a modest EPS
    growth profile of 5%-7% over the next three years," Citigroup analysts say in a note
    to clients. ([email protected])

    Source Dow Jones News Wire
 
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