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)
格林威治时间2247GMT-麦格理(Macquarie)表示，Metash目前的交易趋势对这家零售集团的F2H来说是个好兆头，尽管供应链中断，成本可能会上升。在Metash公布其食品和酒类部门以及麦格理(Macquarie)所称的硬件部门F1H表现强劲后，麦格理将其对该股的评级从中性上调至强于大盘。麦格理(Macquarie)将Metash 22财年每股收益预期上调8.8%，23财年上调5.3%，2014财年上调4.8%，并预计随着集团的业务组合进一步转向利润率更高的硬件，收益有进一步上调的潜力。其将目标价上调15%，至4.70澳元。该公司股价最新报4.24澳元。(stuart.Condie@wsj.com；@StuartLCondie)
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