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The City view - Woolworths
Rumours in the media over the weekend that the Baugur-led approach for Woolworths could be revived this week has reinforced the recent upgrade to ‘Buy’ from Altium Securities.
The 6.5% increase last week in the Woolworths share price has been added to this morning by a gain of a further 2.5% to take the shares to 7.27p, which pushes them closer to the broker’s target price of 8p.
However, Altium warns that there are many hurdles that would need cleared before a deal could be agreed between the two parties.
Topics: woolworths |
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