SUL +7.75%: Strong today on the back of a bullish UBS report as they upgraded to buy and put a $13.50 PT on the retailer. We’ve owned this stock in the past, we like it and agree with much of the UBS commentary. Their confidence has improved around the Australian consumer based on feedback from their economics team, however they also have this thing called the UBS Evidence Lab which does on the ground research and that paints a positive picture for consumption given a strong labour market and still rising household savings with ~$120bn in excess consumer saving.
MM is bullish SUL
Add To Hit List
