2233 GMT - Collins Foods may want to consider pushing to be awarded the KFC master franchise rights for Germany by Yum! Brands, according to Citi's Sam Teeger. He reckons that's potentially a better way of Collins increasing its scale in Europe, as desired, versus an acquisition in a new market. Teeger's remarks follow a Yum! Brands filing showing that, in December 2024, it re-acquired the KFC rights for Germany from IS Gida. "We recently published our thoughts that if Collins was going to expand in Europe, then the U.K. or Italy would be potential markets," Teeger says. "But we see Germany as relatively lower risk given Collins already has experience in this market and its adjacency to the Netherlands could present cost-sharing and sourcing benefits." Citi has a buy rating and A$9.38 target on Collins, which last traded at A$7.22. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 09, 2025 17:34 ET (22:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。