Business
Leading broker says Metcash (ASX:MTS) share price can climb materially higher
The Metcash Limited (ASX: MTS) share price is rebounding on Wednesday after dropping lower yesterday.
In morning trade, the wholesale distributor’s shares are up almost 3% to $3.48.
Why is the Metcash share price pushing higher today?
Today’s gain appears to have been driven by a positive reaction to its strategy update by analysts at Goldman Sachs.
According to the note, the broker has retained its buy rating and lifted its price target on Metcash’s shares to $4.03.
Based on the current Metcash share price, this price target implies potential upside of almost 16% over the next 12 months. And if you include dividends, the…
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