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)
Copyright (c) 2025 Dow Jones & Company, Inc.
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.