Metcash's Convenience-Led Liquor Focus Is a Positive -- Market Talk

Dow Jones03-09 11:32

0332 GMT - Metcash's relative strength in convenience-led formats is supported by the continued underperformance of the larger supermarket-owned chain stores, Morgan Stanley analysts say. Pointing to subdued commentary and results from owners of big-box stores, the MS analysts write in a note that Metcash's focus on smaller, localized retail looks like a positive. However, they warn that even here momentum has moderated amid changing consumer habits and pressure on consumer spending. Less positively for IGA supplier Metcash, the MS analysts see large supermarket operators Woolworths and Coles are gaining share of the grocery market due to their investment in pricing. MS cuts its target price 5.7% to A$3.30 and stay equal-weight on the stock, which is down 2.4% at A$3.035. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 08, 2026 23:32 ET (03:32 GMT)

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Pointing to subdued commentary and results from owners of big-box stores, the MS analysts write in a note that Metcash's focus on smaller, localized retail looks like a positive. However, they warn that even here momentum has moderated amid changing consumer habits and pressure on consumer spending. Less positively for IGA supplier Metcash, the MS analysts see large supermarket operators Woolworths and Coles are gaining share of the grocery market due to their investment in pricing. MS cuts its target price 5.7% to A$3.30 and stay equal-weight on the stock, which is down 2.4% at A$3.035. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 08, 2026 23:32 ET (03:32 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2271345857.HKD","symbol_name":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2618422616","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618422616","pubTimestamp":1773027120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0332 GMT - Metcash's relative strength in convenience-led formats is supported by the continued underperformance of the larger supermarket-owned chain stores, Morgan Stanley analysts say. 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Pointing to subdued commentary and results from owners of big-box stores, the MS analysts write in a note that Metcash's focus on smaller, localized retail looks like a positive. However, they warn that even here momentum has moderated amid changing consumer habits and pressure on consumer spending. Less positively for IGA supplier Metcash, the MS analysts see large supermarket operators Woolworths and Coles are gaining share of the grocery market due to their investment in pricing. MS cuts its target price 5.7% to A$3.30 and stay equal-weight on the stock, which is down 2.4% at A$3.035. 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