Morgan Stanley analyst Melinda Baxter upgraded Coles Group (CLEGF) to Overweight from Equal Weight with a price target of A$21.70, up from A$18.40, citing top line momentum, e-commerce share gains, margin benefits from the removal of transitional supply chain costs and improved execution.
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Read More on CLEGF:
- Coles Group initiated with an Outperform at RBC Capital
- Coles Group Ltd. (CLEGF) Unveils Dividend Details for Q1: Mark Your Calendar!
- Coles Group Ltd. Reports Mixed Half-Year Financial Results
- Leadership Transition at Coles Group: Peter Allen to Succeed James Graham as Chairman
- Coles Group Ltd. Unveils 2025 Half Year Results and Community Initiatives
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