Coles Myer (CML) Shares Recommendation

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."

Coles Myer Limited is listed on the Australian Stock Exchange (ASX) under stock code CML. You can view their investor website here. CML is involved in retailing. Coles Myer was listed on the ASX on 24 September, 1929. CML was a winner of the week in August 2006. 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!