0102 GMT - The challenged competitive position facing Woolworths' Big W and New Zealand food businesses makes the prospect of dramatic action appear difficult, UBS analysts write in a note. They welcome the capital-allocation discipline shown by the retirement of the MyDeal marketplace business and look forward to further outcomes from the Australian supermarket operator's portfolio review. However, they hint that options could be limited at Woolworths' loss-making Big W department stores and its low-return New Zealand supermarkets. UBS has a neutral rating and A$32.00 target price on Woolworths shares, which are down 0.35% at A$31.03. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 29, 2025 21:02 ET (01:02 GMT)
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