0122 GMT - Collins Foods keeps its bull at Morgans despite moderated expectations around the economics of the Australian fast-food franchiser's expansion in Germany. Analyst Keeley Walsh lowers her Ebitda assumptions for the Bavarian stores Collins has recently acquired, bringing them in line with existing store economics. She points out that the acquired portfolio is probably mostly outside Munich, and therefore warrants more conservatism for now. More positively, she raises her same-store sales forecasts for Australia, telling clients in a note that Collins' KFC stores have likely maintained strong momentum despite a weaker consumer backdrop. Morgans cuts its target price 1.6% to A$12.50 but keeps a buy rating on the stock, which is down 0.4% at A$8.55. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 19, 2026 21:22 ET (01:22 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.