Business
3 reasons the Wesfarmers (ASX:WES) share price could be in the buy zone
The Wesfarmers Ltd (ASX: WES) share price has been a positive performer over the last six months.
During this time the conglomerate’s shares have risen almost 11%.
Is it too late to buy Wesfarmers shares?
The good news is that it may not be too late to buy Wesfarmers shares according to one leading broker.
A note out of Goldman Sachs reveals that its analysts have upgraded the company’s shares to a buy rating and lifted its price target by 23.8% to $59.70.
This price target implies potential upside of 10.5% over the next 12 months excluding dividends. Including dividends, the broker estimates its shares to provide a potential total return of over 14%.
Why is the Goldman Sachs bullish on Wesfarmers?
Goldman Sachs made the move…
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