0455 GMT - Collins Foods' bull at Citi sees further signs that the eventual recovery in its Australia business could take longer than expected. Analyst Sam Teeger points to rival fast-food franchiser Restaurant Brands' update, in which it said it expects its local recovery to be gradual, with cost-of-living pressures on consumers easing later in the year. Teeger sees this hinting at possible downside risk to analysts' forecasts for 1.3% 2H same-store sales growth at Collins' KFC Australia restaurants. Citi has a buy rating and A$9.60 target price on the stock, which is down 2.1% at A$7.89. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 23, 2025 00:55 ET (04:55 GMT)
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