** UBS hikes its Price Target for shares of supermarket chain Coles Group COL.AX to A$22.35 from A$19.50, retains 'Buy'
** Brokerage increases 2025 and 2026 earnings estimates after Coles' half-yearly earnings for its supermarkets and liquor segments beat expectations
** Co on February 27 reported HY net profit after tax from continuing operations of A$576 million ($363.51 million), largely in line with Visible Alpha consensus of A$574.1 million
** Co's earnings helped by holiday shopping frenzy and a strike at larger rival Woolworths WOW.AX.
** Six of 15 analysts rate the stock "buy" or higher, eight "hold" and one "sell"; their median PT is A$20.95 – according to data compiled by LSEG
** Stock down 2% at A$19.98 as of last close
(Reporting by Nichiket Sunil in Bengaluru; Editing by Richard Chang)
((Nichiket.Sunil@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.