** Shares of conglomerate Wesfarmers WES.AX rise as much as 3.2% to A$77.06
** Brokerage UBS raises co's stock rating to "neutral" from "sell", hikes price target to A$76 from A$69
** UBS says co has strong growth options across all divisions
** Sees sales growth at home improvement chain Bunnings accelerating, with EBIT margins supported by technology, retail media & supply chain investments
** Brokerage adds Bunnings' addressable market is large and growing and it has opportunities to expand to new categories
** WES stock is top gainer on consumer discretionary sub-index .AXDJ, which is up 1.5%
** As of last close, Wesfarmers stock up 4.4% YTD
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))
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