0118 GMT - Collins Foods' bulls at UBS see potential upside to their fiscal 2026 forecasts after the Australian fast-food franchiser's better-than-expected annual result. Analysts tell clients in a note that Collins' KFC Europe business held up better than feared over the second half of the last fiscal year. Australia earnings margins also turned around on lower costs and productivity improvements. The fact that this happened largely in the final fiscal quarter raises optimism on momentum into the new year, which features opportunities for upside including currency moves and depreciation/amortization costs. UBS lifts its target price by 6.0% to A$9.75 and maintains a buy rating. Shares are up 0.65% at A$9.28. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 25, 2025 21:18 ET (01:18 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.