WCB could hit $11: source

Analysts split on share price outlook, but agree Warrnambool shares have climbed unexpectedly high amid M&A uncertainty.

Warrnambool Cheese & Butter's (WCB) share price could reach highs of $11 before it is swallowed by one of three suitors pursuing the company, one source predicted yesterday.

While analysts were quick to play down the suggestion, they added it was completely unexpected that the target's share price would ever trade as high as it has.

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