Metcash's New Bull Reassured by Lack of Profit Downgrade -- Market Talk

Dow Jones

05/12

2245 GMT [Dow Jones]--Metcash gets a new bull in Jefferies after signaling an annual net profit broadly in line with consensus hopes. Analyst Michael Simotas notes the recent share-price weakness suggested investors had anticipated a guidance downgrade. Metcash said it expects an underlying net profit of A$268 million-A$270 million. For Jefferies, a rebound in profit margins within Metcash's liquor business is the highlight. It is also reassured by the Middle East conflict having little impact on Metcash's hardware business. "Macro backdrop likely delays the hardware recovery, but weakness is already in the base, limiting downside, and management has proven disciplined on cost and cash flow," Jefferies says, upgrading the stock to buy, from hold. Its price target rises 1.4% to A$3.50/share. Metcash ended Monday at A$2.92. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 11, 2026 18:48 ET (22:48 GMT)

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Analyst Michael Simotas notes the recent share-price weakness suggested investors had anticipated a guidance downgrade. Metcash said it expects an underlying net profit of A$268 million-A$270 million. For Jefferies, a rebound in profit margins within Metcash's liquor business is the highlight. It is also reassured by the Middle East conflict having little impact on Metcash's hardware business. \"Macro backdrop likely delays the hardware recovery, but weakness is already in the base, limiting downside, and management has proven disciplined on cost and cash flow,\" Jefferies says, upgrading the stock to buy, from hold. Its price target rises 1.4% to A$3.50/share. Metcash ended Monday at A$2.92. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 11, 2026 18:48 ET (22:48 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Metcash's New Bull Reassured by Lack of Profit Downgrade -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMetcash's New Bull Reassured by Lack of Profit Downgrade -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-05-12 06:48</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2245 GMT [Dow Jones]--Metcash gets a new bull in Jefferies after signaling an annual net profit broadly in line with consensus hopes. Analyst Michael Simotas notes the recent share-price weakness suggested investors had anticipated a guidance downgrade. Metcash said it expects an underlying net profit of A$268 million-A$270 million. For Jefferies, a rebound in profit margins within Metcash's liquor business is the highlight. It is also reassured by the Middle East conflict having little impact on Metcash's hardware business. \"Macro backdrop likely delays the hardware recovery, but weakness is already in the base, limiting downside, and management has proven disciplined on cost and cash flow,\" Jefferies says, upgrading the stock to buy, from hold. Its price target rises 1.4% to A$3.50/share. Metcash ended Monday at A$2.92. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 11, 2026 18:48 ET (22:48 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MTS.AU","symbol_name":"METCASH LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2634625681","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634625681","pubTimestamp":1778539680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2245 GMT [Dow Jones]--Metcash gets a new bull in Jefferies after signaling an annual net profit broadly in line with consensus hopes. Analyst Michael Simotas notes the recent share-price weakness suggested investors had anticipated a guidance downgrade. Metcash said it expects an underlying net profit of A$268 million-A$270 million. For Jefferies, a rebound in profit margins within Metcash's liquor business is the highlight. It is also reassured by the Middle East conflict having little impact on Metcash's hardware business. \"Macro backdrop likely delays the hardware recovery, but weakness is already in the base, limiting downside, and management has proven disciplined on cost and cash flow,\" Jefferies says, upgrading the stock to buy, from hold. Its price target rises 1.4% to A$3.50/share. Metcash ended Monday at A$2.92. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MTS.AU":"METCASH LTD","BK7028":"食品分销商"},"translate_title":"Metcash的新牛市因缺乏利润降级而放心——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MTS.AU":0.9},"content_text":"2245 GMT [Dow Jones]--Metcash gets a new bull in Jefferies after signaling an annual net profit broadly in line with consensus hopes. Analyst Michael Simotas notes the recent share-price weakness suggested investors had anticipated a guidance downgrade. Metcash said it expects an underlying net profit of A$268 million-A$270 million. For Jefferies, a rebound in profit margins within Metcash's liquor business is the highlight. It is also reassured by the Middle East conflict having little impact on Metcash's hardware business. \"Macro backdrop likely delays the hardware recovery, but weakness is already in the base, limiting downside, and management has proven disciplined on cost and cash flow,\" Jefferies says, upgrading the stock to buy, from hold. Its price target rises 1.4% to A$3.50/share. Metcash ended Monday at A$2.92. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 11, 2026 18:48 ET (22:48 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}