2253 GMT - ARB Corp's slightly soft 1Q update doesn't shift Wilsons analysts' bullish view of the auto-accessory manufacturer and retailer. The analysts tell clients in a note that various growth drivers across both product and distribution give them confidence that sales growth will accelerate through the rest of ARB's 2025 fiscal year, while Oct. 1 price increases will benefit margins. In short, ARB continues to look well placed to take advantage of the market's structural shift toward 4WD vehicles. Wilsons rolls forward its valuation and lifts target price 5.1% to A$50.27. It keeps an overweight recommendation on the stock, which is at A$43.15 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 17, 2024 18:53 ET (22:53 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。