Coles Myer (CML) Shares Recommendation

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.

Coles Myer Limited is listed on the Australian Stock Exchange (ASX) under stock code CML. You can view their investor website here. The company was listed on the exchange on 24 September, 1929 and is involved in retailing. Check your charts!