Wesfarmers

The takeover and subsequent turnaround at Coles has demonstrated Wesfarmers' qualities again and, while there is still plenty to go for at Coles, the rumours mills have been working overtime about what might be the company's next move. Whatever it is, we'd expect it to be well considered, with a clear plan for delivering value. Meanwhile, the ongoing improvement at Coles in particular has left our price guide looking rather mean. So we're increasing the top end of our Hold range from $35 to $40, above which our recommendation is softened somewhat to Take Part Profits as opposed to...

The takeover and subsequent turnaround at Coles has demonstrated Wesfarmers' qualities again and, while there is still plenty to go for at Coles, the rumours mills have been working overtime about what might be the company's next move. Whatever it is, we'd expect it to be well considered, with a clear plan for delivering value.

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