WES - Macquarie rates the stock as No Rating
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March quarter retail sales revealed a pick up in growth across key businesses, Macquarie observes. Sales at Coles were up 0.3% and Bunnings Australasia up 9.1%. Bunnings UK remains problematic with declining comparable sales of -15.4%.
Macquarie is restricted on rating and target at this stage.
Sector: Food & Staples Retailing.
Current Price is $43.29. Target price not assessed.
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