Woolworths (WOW) Stock Recommendation

ABN Amro have upgraded their recommendation for the Woolworths (WOW) stock with a share price target of $22.30. The stockbroker has noted that there are further gains to be had as duplicate costs are set to be eliminated this year. Supermarket margins have increased to above 5 percent which drove the record profit level. Meanwhile, Credit Suisse have rated the stock as Underperform with a stock price target of $19.00. They see the stock as overpriced and have commented that this year was a tough year. Deutsche Bank have a Hold recommendation for WOW with a confident share price target of $20.40. The bank notes that while the result was impressive, Woolworths is still the most expensive supermarket in the world at 19x FY07. JP Morgan have rated the grocery store as a Neutral and a share price target of $20.00. This stock analyst noted that the market's forecasts are already bullish and any more price gains would need a "significant positive surprise." Macquarie have an Underperform rating and a disappointing stock price target of $18.71. Merrill Lynch, however is strongly bullish on the strong recommending a Buy and a share price target of $23.00. SB Citigroup is at Hold, Medium Risk and a target of $20.85 for Woolworths. Finally, WOW is given a Neutral 1 rating and a share price target of $22.55.

Woolworths Limited is listed on the Australian Stock Exchange (ASX) under stock code WOW. You can view their investor website here. The company listed on the ASX on 12 July, 1993. The company is involved in food, general merchandise and specialty retailing through chain store operations. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Have a read of previous Woolworths (WOW) stockbroker recommendations. Check your charts and good luck with your share trading!