Wesfarmers Limited (WFAFF) Gets a Sell from Morgan Stanley | Markets Insider
Morgan Stanley analyst Melinda Baxter maintained a Sell rating on Wesfarmers Limited (WFAFF – Research Report) today and set a price target of A$60.70. The company’s shares closed last Wednesday at $48.05.
Baxter covers the Consumer Cyclical sector, focusing on stocks such as Wesfarmers Limited, Aristocrat Leisure Limited, and Domino’s Pizza Enterprises Limited. According to TipRanks, Baxter has an average return of -6.2% and a 32.35% success rate on recommended stocks.
In addition to Morgan Stanley, Wesfarmers Limited also received a Sell from Citi’s Adrian Lemme in a report issued yesterday. However, on February 5, UBS upgraded Wesfarmers Limited (Other OTC: WFAFF) to a Hold.
WFAFF market cap is currently $56.06B and has a P/E ratio of 33.32.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WFAFF in relation to earlier this year.
