MTS – Credit Suisse rates the stock as Outperform

Ahead of the investor briefing on March 16, Credit Suisse notes a very supportive industry backdrop. Moreover, the market appears to still be underrating the longevity of changes in consumer shopping habits.

Hardware has a strong cyclical tailwind and growth opportunities over the longer term and the supermarket trading update is expected to show strong double-digit growth. Outperform retained. Target rises to $4.08 from $3.97.

Sector: Food & Staples Retailing.


Target price is $4.08.Current Price is $3.59. Difference: $0.49 – (brackets indicate current price is over target). If MTS meets the Credit Suisse target it will return approximately 12% (excluding dividends, fees and charges – negative figures indicate an expected loss).



About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →