Deutsche Bank Downgrades WESFARMERS LTD/ADR (OTCMKTS:WFAFY) to Sell

WESFARMERS LTD/ADR (OTCMKTS:WFAFY) was downgraded by investment analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a research note issued on Friday, The Fly reports.

Separately, Goldman Sachs Group lowered WESFARMERS LTD/ADR from a “neutral” rating to a “sell” rating in a report on Thursday.

WFAFY opened at $12.18 on Friday. WESFARMERS LTD/ADR has a 52 week low of $10.03 and a 52 week high of $19.61.


Wesfarmers Limited engages in the retail, coal mining and production, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacturing, and investment businesses in Australia, New Zealand, the United Kingdom, and internationally. The company operates 809 Coles supermarkets; 899 liquor stores under the Liquorland, Vintage Cellars, and First Choice Liquor brands; 88 hotels; 711 convenience outlets; and an online supermarket.

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