Woolworths Ltd (WOW) | There is more to this beast...maintain Quant Buy ($44) | We maintain the Quant BUY (since July 2012) call on WOW with an upgraded Quant...

Woolworths Ltd (WOW) | There is more to this beast...maintain Quant Buy ($44) | We maintain the Quant BUY (since July 2012) call on WOW with an upgraded Quant Target Price (QTP) of $44.00 due to its dominant track record of delivering growth, earnings certainty, market share, private labels, cost reduction, innovation, reward programs, discretionary retail, home hardware, processed food, financial services, cross selling and defensive yield. We believe that WOW will continue to evolve into even more parts of consumer retail offering gradually as the retail sector gets hit by the structural change of falling disposable income in the next few years. We see any share price pullback on the result with Masters and macro worry as another buying opportunity. (VIEW LINK)