Australia's Collins Foods slips despite Macquarie PT, outlook upgrade

Collins Foods

29/11/2023 24:04

** Analysts at Macquarie raise price target on Australia's
Collins Foods  CKF.AX  to A$11.1 from A$9.70
    ** Collins' shares down 0.6% at A$10.9
    ** Brokerage raises earnings estimates on co stock by 7.8%,
2.2% and 6.1% from FY24 to FY26
    ** Macquarie, however, flags that signs of consumer pressure
are emerging in Australia business
    ** Retains "neutral" rating on stock
    ** Collins' stock up 53.1% this year, as of last close 

    
    

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))