Morgan Stanley Raises Coles Price Target, Here’s Why.

Wed 12 Mar 25, 01:44 AM | Team Kalkine

Image source: Shutterstock

Highlights:

Morgan Stanley raises Coles' price target to AU$21.70 and upgrades rating to "overweight".

Coles captured 30 basis points of market share from Woolworths in 1H24–1H25.

Coles seized 50% of Woolworths' lost sales during industrial action, showcasing supply chain resilience.

Analysts at Morgan Stanley have raised their price target for Coles Group Ltd (ASX:COL) to AU$21.70, up from AU$18.40, while upgrading the stock rating to "overweight" from "equal-weight". The brokerage praised the supermarket giant’s robust top-line growth, supply chain efficiency, and its growing edge over key rival Woolworths.

Confidence in Coles' Growth Trajectory

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