ARB's Long-Term Growth Focus Cheers Bull -- Market Talk

Dow Jones

2024/10/18

2346 GMT - ARB Corp investors should look past the vehicle-accessory supplier's 1Q trading update and focus on its pursuit of long-term sustainable growth in the U.S., Citi analyst Sam Teeger says in a note. He tells clients that ARB is significantly improving its U.S. distribution by helping fund its associate's acquisition of the 4WP chain, deepening its relationship with Toyota's U.S. unit, and investing in both distribution and manufacturing. Teeger trims his net profit forecasts for the next three fiscal years, but raises his target price 4.2% to A$50,00 on higher valuation multiples and maintains a buy rating. The stock is down 1.5% at A$42.49. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 17, 2024 19:46 ET (23:46 GMT)

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He tells clients that ARB is significantly improving its U.S. distribution by helping fund its associate's acquisition of the 4WP chain, deepening its relationship with Toyota's U.S. unit, and investing in both distribution and manufacturing. Teeger trims his net profit forecasts for the next three fiscal years, but raises his target price 4.2% to A$50,00 on higher valuation multiples and maintains a buy rating. The stock is down 1.5% at A$42.49. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 17, 2024 19:46 ET (23:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARB's Long-Term Growth Focus Cheers Bull -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARB's Long-Term Growth Focus Cheers Bull -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-18 07:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2346 GMT - ARB Corp investors should look past the vehicle-accessory supplier's 1Q trading update and focus on its pursuit of long-term sustainable growth in the U.S., Citi analyst Sam Teeger says in a note. He tells clients that ARB is significantly improving its U.S. distribution by helping fund its associate's acquisition of the 4WP chain, deepening its relationship with Toyota's U.S. unit, and investing in both distribution and manufacturing. Teeger trims his net profit forecasts for the next three fiscal years, but raises his target price 4.2% to A$50,00 on higher valuation multiples and maintains a buy rating. The stock is down 1.5% at A$42.49. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 17, 2024 19:46 ET (23:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TM","symbol_name":"丰田汽车","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2476746907","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476746907","pubTimestamp":1729208760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2346 GMT - ARB Corp investors should look past the vehicle-accessory supplier's 1Q trading update and focus on its pursuit of long-term sustainable growth in the U.S., Citi analyst Sam Teeger says in a note. He tells clients that ARB is significantly improving its U.S. distribution by helping fund its associate's acquisition of the 4WP chain, deepening its relationship with Toyota's U.S. unit, and investing in both distribution and manufacturing. Teeger trims his net profit forecasts for the next three fiscal years, but raises his target price 4.2% to A$50,00 on higher valuation multiples and maintains a buy rating. The stock is down 1.5% at A$42.49. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TM":"丰田汽车","03160":"华夏日股对冲","BK4099":"汽车制造商","ARB.AU":"ARB CORP LTD","BK4585":"ETF&股票定投概念","ARB":"AltShares Merger Arbitrage ETF","BK7051":"机动车零配件与设备","BK4588":"碎股","BK4555":"新能源车"},"translate_title":"ARB的长期增长重点为牛市欢呼——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TM":0.76,"03160":0.6,"ARB.AU":0.9,"ARB":1},"content_text":"2346 GMT - ARB Corp investors should look past the vehicle-accessory supplier's 1Q trading update and focus on its pursuit of long-term sustainable growth in the U.S., Citi analyst Sam Teeger says in a note. He tells clients that ARB is significantly improving its U.S. distribution by helping fund its associate's acquisition of the 4WP chain, deepening its relationship with Toyota's U.S. unit, and investing in both distribution and manufacturing. Teeger trims his net profit forecasts for the next three fiscal years, but raises his target price 4.2% to A$50,00 on higher valuation multiples and maintains a buy rating. The stock is down 1.5% at A$42.49. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 17, 2024 19:46 ET (23:46 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}