2258 GMT - Collins Foods' bulls at Citi reckon it looks well placed to beat its annual profit guidance. The investment bank's analysts tell clients in a note that the Australian fast-food franchiser's guidance was based on domestic consumer conditions failing to improve. This increasingly appears over overly conservative, they say. They add that the outlook in Europe has improved with exclusivity in two German states and potential for acquisitions. Citi raised its net profit forecasts through fiscal 2028, and expects 14% net-profit growth in fiscal 2026. Citi lifts its target price 29% to A$13.07 and keeps a buy rating on the stock, which is at A$10.52 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 04, 2025 17:58 ET (22:58 GMT)
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