Wesfarmers – Buy, Sell or Hold?

Are Wesfarmers a buy, hold or sell?

 
Thanks

 

A: Thanks for the question

Three days out from their full year report, I am going to sit in the neutral camp.

We are underweight the consumer staples sector, and despite Woolworths having the sales momentum, see marginally better value in Wesfarmers than Woolworths.

Regards


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