Goldman Sachs analyst Peter Marks has initiated coverage of Woolworths Group with a Buy rating and a price target of A$37. The firm stated that the company's Australian Supermarket segment is at a "turning point," with improvements in product and shelf availability noted.
The coverage initiation was announced recently, focusing on the retailer's operations in Australia. Marks' analysis highlighted the current state of the supermarket division without adding further commentary.
In the report, the firm pointed to specific operational changes within Woolworths Group's Australian supermarkets. The assessment was based on observed trends in inventory management and customer-facing services.
No additional details about future projections or broader market context were provided in the coverage announcement. The report remains centered on the existing conditions and the assigned rating.