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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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