Metcash Upgraded to Outperform With 2H Looking Good -- Market Talk
Metcash Upgraded to Outperform With 2H Looking Good -- Market Talk
2247 GMT - Metcash's current trading trends bode positively for the retail group's F2H despite supply-chain disruption and potentially higher costs, Macquarie says. The investment bank lifts its recommendation on the stock to outperform from neutral after Metcash reported strong performances by its food and liquor units, and what Macquarie calls a standout F1H in hardware. Macquarie lifts its EPS forecasts for Metcash by 8.8% for FY22, by 5.3% for FY23 and by 4.8% for FY24, and sees potential for further earnings upgrades as the group's business mix shifts further toward higher-margin hardware. It lifts its target price by 15% to A$4.70. Shares last traded at A$4.24. (stuart.condie@wsj.com; @StuartLCondie)
格林威治時間2247GMT-麥格理(Macquarie)表示，Metash目前的交易趨勢對這家零售集團的F2H來説是個好兆頭，儘管供應鏈中斷，成本可能會上升。在Metash公佈其食品和酒類部門以及麥格理(Macquarie)所稱的硬件部門F1H表現強勁後，麥格理將其對該股的評級從中性上調至強於大盤。麥格理(Macquarie)將Metash 22財年每股收益預期上調8.8%，23財年上調5.3%，2014財年上調4.8%，並預計隨着集團的業務組合進一步轉向利潤率更高的硬件，收益有進一步上調的潛力。其將目標價上調15%，至4.70澳元。該公司股價最新報4.24澳元。(stuart.Condie@wsj.com；@StuartLCondie)
譯文內容由第三人軟體翻譯。