Coles steps out alone to mixed reviews

Original article by Sue Mitchell
The Australian Financial Review – Page: 24 : 23-Nov-18

Macquarie and Goldman Sachs have contrasting views on the prospects of Coles following the food and liquor retailer’s demerger from Wesfarmers. Macquarie has a "neutral" recommendation on Coles stock and a 12-month price target of $13.48, while Goldman Sachs rates it as a "buy" with a 12-month target of $14.80. Both Macquarie and Goldman Sachs believe that Coles can lift its earnings by boosting sales from fresh food and private label products. Macquarie also believes that Wesfarmers now has up to $10 billion to spend on possible acquisitions.

CORPORATES
COLES GROUP LIMITED – ASX COL, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AUSTRALIA PTY LTD, WESFARMERS LIMITED – ASX WES, KAUFLAND STIFTUNG & CO KG, AMAZON.COM INCORPORATED

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