Wesfarmers's Ex-Bull Cites Dearth of Near-Term Catalysts -- Market Talk

Dow Jones

Jun 11

0022 GMT - Wesfarmers's share price has held up well relative to other discretionary retailers since January, and this has changed Macquarie's view of the stock. "With lack of valuation support and no near-term catalyst driving additional earnings upside, we downgrade to neutral," from outperform, says Macquarie. Wesfarmers held its investor day on Wednesday. Macquarie was impressed, noting the quality of its businesses and strategy was in evidence again. It expects Bunnings and Kmart will continue to drive returns for the group. It also highlights positive signals in Wesfarmers's heath and lithium businesses. Wesfarmers is down 0.3% at A$83.15, versus Macquarie's A$85.00/share price target. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 10, 2026 20:22 ET (00:22 GMT)

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Wesfarmers held its investor day on Wednesday. Macquarie was impressed, noting the quality of its businesses and strategy was in evidence again. It expects Bunnings and Kmart will continue to drive returns for the group. It also highlights positive signals in Wesfarmers's heath and lithium businesses. Wesfarmers is down 0.3% at A$83.15, versus Macquarie's A$85.00/share price target. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 10, 2026 20:22 ET (00:22 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wesfarmers's Ex-Bull Cites Dearth of Near-Term Catalysts -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWesfarmers's Ex-Bull Cites Dearth of Near-Term Catalysts -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-11 08:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0022 GMT - Wesfarmers's share price has held up well relative to other discretionary retailers since January, and this has changed <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>'s view of the stock. \"With lack of valuation support and no near-term catalyst driving additional earnings upside, we downgrade to neutral,\" from outperform, says Macquarie. Wesfarmers held its investor day on Wednesday. Macquarie was impressed, noting the quality of its businesses and strategy was in evidence again. It expects Bunnings and Kmart will continue to drive returns for the group. It also highlights positive signals in Wesfarmers's heath and lithium businesses. Wesfarmers is down 0.3% at A$83.15, versus Macquarie's A$85.00/share price target. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 10, 2026 20:22 ET (00:22 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":"BK7153","symbol_name":"综合零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642472932","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642472932","pubTimestamp":1781137320,"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":"0022 GMT - Wesfarmers's share price has held up well relative to other discretionary retailers since January, and this has changed Macquarie's view of the stock. \"With lack of valuation support and no near-term catalyst driving additional earnings upside, we downgrade to neutral,\" from outperform, says Macquarie. Wesfarmers held its investor day on Wednesday. Macquarie was impressed, noting the quality of its businesses and strategy was in evidence again. It expects Bunnings and Kmart will continue to drive returns for the group. It also highlights positive signals in Wesfarmers's heath and lithium businesses. Wesfarmers is down 0.3% at A$83.15, versus Macquarie's A$85.00/share price target. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7153":"综合零售","BK7511":"ESG概念","BK4114":"综合货品商店","BK7041":"综合货品商店","WES.AU":"WESFARMERS LTD","BK4220":"综合零售","WFAFY":"Wesfarmers Ltd."},"translate_title":"西农集团的前牛市指出缺乏近期催化剂——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WES.AU":0.9,"WFAFY":0.9},"content_text":"0022 GMT - Wesfarmers's share price has held up well relative to other discretionary retailers since January, and this has changed Macquarie's view of the stock. \"With lack of valuation support and no near-term catalyst driving additional earnings upside, we downgrade to neutral,\" from outperform, says Macquarie. Wesfarmers held its investor day on Wednesday. Macquarie was impressed, noting the quality of its businesses and strategy was in evidence again. It expects Bunnings and Kmart will continue to drive returns for the group. It also highlights positive signals in Wesfarmers's heath and lithium businesses. Wesfarmers is down 0.3% at A$83.15, versus Macquarie's A$85.00/share price target. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 10, 2026 20:22 ET (00:22 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}