2355 GMT - Collins Foods' bull at Citi reiterates its buy rating on optimism over the Australian fast-food franchiser's prospects in Germany and its constructive domestic outlook. Analyst Sam Teeger tells clients in a note that expanding in Germany appears to offer a lower-risk pathway to accelerating growth compared with the option of entering a completely new market. On top of this, he points out that additional interest-rate cuts--the likelihood of which was supported by this week's March-quarter CPI data--should be positive for the consumer outlook in Australia. Citi raises its target price by 2.3% to A$9.60. Shares are at A$8.24 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 19:55 ET (23:55 GMT)
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