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more on this thematic; a whip around of some managers :..

One manager suggested investors could buy one retailer that targets the wealthy’s discretionary spend.
“Treasury Wine Estates sells Penfolds and that’s over half its earning." “Its premium brands business sells to a broad range of international consumers.”

Treasury was also backed by Tribeca Investment Partners portfolio manager Jun Bei Liu as her top stock to back for growth at a Morgan Stanley investment conference in June, with a forecast for it to defy a general downturn and grow profits compounding at 15 per cent over the next 3 years.

UBS also rates Treasury a buy, with a $13.75 price target around 22 per cent higher than the market price of $11.22 on July 3.
“They’re expanding their distribution reach internationally and we think that works well." “They’ve reallocated product destined for China to other markets to take advantage of demand that was strong but unmet, and are growing incremental demand. With a focus on premium and luxury, we think some of their brands can actually do better."

<blockquote data-quote="Dona Ferentes" data-source="post: 1235291" data-attributes="member: 66457">more on this thematic; a whip around of some managers :..One manager suggested investors could buy one retailer that targets the wealthy’s discretionary spend.“Treasury Wine Estates sells Penfolds and that’s over half its earning.&quot; “Its premium brands business sells to a broad range of international consumers.”Treasury was also backed by Tribeca Investment Partners portfolio manager Jun Bei Liu as her top stock to back for growth at a Morgan Stanley investment conference in June, with a forecast for it to defy a general downturn and grow profits compounding at 15 per cent over the next 3 years.UBS also rates Treasury a buy, with a $13.75 price target around 22 per cent higher than the market price of $11.22 on July 3.“They’re expanding their distribution reach internationally and we think that works well.&quot; “They’ve reallocated product destined for China to other markets to take advantage of demand that was strong but unmet, and are growing incremental demand. With a focus on premium and luxury, we think some of their brands can actually do better.&quot;</blockquote>

[QUOTE="Dona Ferentes, post: 1235291, member: 66457"] [I]more on this thematic; a whip around of some managers :..[/I] [COLOR=rgb(41, 105, 176)]One manager suggested investors could buy one retailer that targets the wealthy’s discretionary spend[/COLOR]. “[I]Treasury Wine Estates sells Penfolds and that’s over half its earning." “Its premium brands business sells to a broad range of international consumers[/I].” [COLOR=rgb(41, 105, 176)]Treasury was also backed by Tribeca Investment Partners portfolio manager Jun Bei Liu as her top stock to back for growth at a Morgan Stanley investment conference in June, with a forecast for it to defy a general downturn and grow profits compounding at 15 per cent over the next 3 years. UBS also rates Treasury a buy, with a $13.75 price target around 22 per cent higher than the market price of $11.22 on July 3.[/COLOR] “[I]They’re expanding their distribution reach internationally and we think that works well." “They’ve reallocated product destined for China to other markets to take advantage of demand that was strong but unmet, and are growing incremental demand. With a focus on premium and luxury, we think some of their brands can actually do better."[/I] [/QUOTE]

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