Coles Myer

UBS has a news release for Coles Myer (CML) but they have a "restricted target." All they have to say is this: "$1 EPS and WOW PE would imply $17.80 share price." The stock analysts have observed that "Earnings driven by redundancies and supply chain. We believe the key risk is execution. Can CML deliver these savings by the end of FY08 while cutting one in three people out of administration, HR and other services? We see this as a significant challenge and believe it is too early to call; hence, our discount to the 90c guidance."

Stock analyst, Macquarie Research Equities (MRE) have upgraded their rating for the Coles Myer (CML) stock to Outperform. Te upgrade was made on the basis of the private equity bidder which created a new investment paradigm, which causes the traditional recommendation framework to be ineffective.

Stock analyst, Macquarie Research Equities (MRE) have upgraded their rating for the Coles Myer (CML) stock to Outperform. Te upgrade was made on the basis of the private equity bidder which created a new investment paradigm, which causes the traditional

Stock analyst, Macquarie Research Equities have retained their Underperform recommendation for the Coles Myer (CML). The analyst has " difficultly seeing how the private equity firms can bid in excess of $14.75 per share and therefore gain access to the books". Recently, the Coles Myer (CML) board has formally rejected what it described as a highly conditional bid for an “indicative” price of $14.50 share. MRE has commented that if they were to include $275 million from FY08 forecasts, the stock analysts' valuation would be $13.09 per share.

UBS has a Neutral 2 rating for the Coles Myer (CML) stock with a share price target of $11. The broker has recognised the latest rise in the value of the share price with recent press conjecture of a possible takeover.

ABN Amro have downgraded their rating for the Coles Myer (CML) stock to Sell from Hold with the share price target falling by 81 cents down to $10.20. Valuation of the stock is at $10.70. The broker was disappointed with the company's strategic update as it expected a signal of a new groth phase, but the company update showed that further restructuring is required for the group.

Merrill Lynch has rated the Coles Myer (CML) stock as Sell. The broker considers Woolworths (WOW) will win the race in food and liquor in the next 2 to 3 years. Coles Myer Limited is listed on the Australian Stock Exchange (ASX) under stock code CML. Check your charts!