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. 


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