BUZZ-Citi positive on Australia's KFC operator Collins Foods' outlook

Reuters
17 hours ago
BUZZ-Citi positive on Australia's KFC operator Collins Foods' outlook

** Citi raises target price for Australia's KFC operator Collins Foods CKF.AX by 6% to A$10.13 ; maintains "Buy" rating

** Brokerage says CKF has been relatively conservative in setting guidance of low-to-mid teen underlying NPAT growth in FY26

** Brokerage forecasts 12% underlying NPAT growth in FY26 for CKF

** Citi sees improving momentum in co's core KFC Australia business; forecasts KFC Australia EBITDA of A$236 million in FY26, up 6% from a year earlier

** Eight of 12 analysts rate stock "buy" or higher and four "hold"; their median PT is A$9.78 – LSEG data

** Stock has YTD gains of 17.4%

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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