Coles Myer (CML) Stock Recommendation

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. The company stock has traded higher in recent sessions, with the board rejecting a "highly conditional bid for an indicative price of $14.50." MRE has commented that to capture the "trading opportunity they expect to develop, they have incorporated expected earnings upgrades and estimate there is circa $0.60 downside and up to $2.10 upside at current prices."

Coles Myer Limited is listed on the Australian Stock Exchange (ASX) under stock code CML. You can view their investor website here. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Check your charts and good luck with your share trading!