Business
Goldman Sachs upgraded these ASX 200 shares after outstanding results
For some ASX 200 shares, it has been the toughest year in living memory. Especially for companies most negatively affected by lockdowns and global mobility. For others like retailers and healthcare, the demand for their goods and services is at all-time highs. The following ASX 200 shares were upgraded by Goldman Sachs last week following outstanding results that topped expectations.
Wesfarmers delivered a robust HY21 result driven by stronger in-house consumption that lifted its Bunnings, Officeworks and Kmart Group revenues. Management noted their improving confidence in the economic recovery, which is a notable improvement on prior cautious commentary from the company.
The conglomerate delivered stronger than expected 1H21…
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