Pleaserefertopage22forimportantdisclosuresandanalystcertification,oronourwebsitewww.macquarie.com/research/disclosures.13March2020AustraliaEQUITIESAnalystsMacquarieSecurities(Australia)LimitedRossCurran+61282371152ross.curran@macquarie.comVanessaJeffriess+61282322758vanessa.jeffriess@macquarie.comAustralianConsumerSectorEconomycatchesCorona,downgradingforecastsonvirusKeypointsUpgradeCCLandDMPtoOutperform.DowngradeEarningsatWOW,WES,JBH,HVN,TWE&FLT.DowngradeFLTtoUnderperform.Event•Theimpactofcoronavirusisescalatingbytheday.DespiteChina’sapparentsuccessincontainingthegrowth,theimpactofthevirusoutsideChinaisgrowingexponentially.Impact•Wehaverevisited...