Morningstar upgrades fair value estimate, rating on Australia's Super Retail

SUPER RETAIL

17/06/2024 20:28

** Analysts at Morningstar estimate Super Retail Group's
 SUL.AX  returns on invested capital, excluding goodwill, will
exceed its weighted average cost of capital for at least the
next 10 years
    ** Brokerage upgrades moat rating for stock to "narrow" from
"no-moat"; upgrades fair value estimate to A$11.00/shr from
A$10.50/shr
    ** Morningstar sees better competitive cost advantage for
miscellaneous specialty retailer's core segment Supercheap
    ** Analysts at brokerage expect co's sales staff and fitting
services to insulate it from online competition
    ** Eight of 14 analysts covering the stock rate it "hold",
four rate "buy" or higher and two rate "sell" or lower; their
median PT is A$14.89 - LSEG data
    ** Stock has fallen 15.8% YTD, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))