Nov 15 (Reuters) - ** Analysts at Citi see risks associated with Lovisa's rapid expansion, and uncertainty regarding the unexpected CEO change
** Shares of the fast fashion retailer drop as much as 3.7% to A$29.12
** Citi maintains "Neutral" rating and PT of A$32, says P/E ratio of 31x does not reflect growth risks
** Brokerage says co needs strong mall traffic, optimal inventory management and management turnover to maintain growth
** Notes LOV's ex-CEO has launched Harli + Harper, a new market entrant, with shareholders believing that it can potentially draw customers away
** Three analysts rate the stock "buy", 10 "hold" and 2 "sell"; their median PT is A$30.53 – LSEG data
** Stock up 19.2% YTD as of the last close
(Reporting by Nichiket Sunil)
((Nichiket.Sunil@thomsonreuters.com;))
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。