Citi analyst Sam Teeger upgraded Collins Foods (CLLFF) to Buy from Neutral with a price target of A$9.38, up from A$7.88. Citing same-store sales growth underpinned by improved execution and cost of goods sold tailwinds, the firm sees a pathway for improved medium-term profitability for the core KFC Australia franchise, the analyst tells investors.
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 CLLFF: