Wesfarmers to soar: CS

Credit Suisse upgraded Wesfarmes to "outperform" from "underperform" because of substantial earnings uplift from improving consumer confidence.

Wesfarmers' (WES) rating has been lifted by two notches to "outperform" by Credit Suisse as improving consumer sentiment bolsters the company's potential for higher earnings.

Credit Suisse lifted its one-year forward price target by 22.3%, or $8.50, to $46, at the upper end of market expectations and well above the stock's share price of $41.42 at last night's close. 


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles