Goldman Sachs initiated coverage of Metcash (MCSHF) with a Buy rating and A$3.80 price target The firm notes that its EPS expectations in the second half of FY26 and FY27 are 7% and 8% below consensus, respectively, but it thinks Metcash is “well-placed for the hardware cycle to turn” in FY28 and calls the company’s margin leverage “underappreciated.”
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