Citi has raised its price target for Collins Foods Ltd (ASX:CKF) to A$9.12, up from the previous A$8.77, representing a 4% increase, while maintaining a neutral rating on the stock. In conjunction with the target revision, Citi lifted its earnings forecasts for fiscal years 2027 and 2028 by 1% each after the Australian KFC operator reported a 6.6% increase in total company sales during the first 17 weeks of FY2027 compared with the same period a year earlier. The brokerage voiced concerns about the company’s operations in Germany, noting that although the market forms a significant part of Collins Foods’ growth plans, sales productivity in the region remains weak. Citi also questioned the sustainability of the firm’s growth initiatives in Australia, highlighting management’s efforts to mitigate labor‑inflation pressures and rising cost‑of‑goods‑sold through menu innovations and other measures. Citi’s neutral stance contrasts with the broader analyst community, where twelve analysts on average assign a buy rating and have a mean price target of A$10.50, according to LSEG data. Meanwhile, Collins Foods’ shares have fallen 19.7% year‑to‑date.