Market Chatter: Macquarie Upgrades Woolworths Group to 'Outperform'

MT Newswires Live

Mar 18, 2025

Macquarie Equities has upgraded its rating for Woolworths Group (ASX:WOW) to "outperform" while keeping its price target unchanged at AU$30.80, The Australian reported on Tuesday, citing Caleb Wheatley.

The upgrade is supported by Macquarie's conviction on defensive stocks like supermarket operators as the global outlook has been turbulent after ongoing tariff disputes, the report added.

Apart from being a hedge against trade war uncertainties, Macquarie said the company is trading at or below long-run average valuation multiples.

Macquarie Equities' Caleb Whitley also expects a "buying opportunity" ahead of a final report from the Australian Competition and Consumer Commission related to the domestic supermarket industry slated for release within the month.

Woolworths' shares rose 1% in recent Tuesday trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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