0257 GMT - Collins Foods keeps its bull at Citi despite a likely hit to earnings from extreme weather in northeast Australia. Analyst Sam Teeger tells clients in a note that his estimate of a 1% hit to the fast-food franchiser's second-half Ebitda might be slightly conservative, but he stresses that any disruption was short-term and is now over. He acknowledges that his estimate is based on several assumptions but says he remains positive on the company's pathway to improved medium-term profitability at its Australian KFC stores. Citi has a buy rating and a A$9.38 target price on the stock, which is up 1.0% at A$8.685. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 22:57 ET (02:57 GMT)
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