2242 GMT - Premier Investments' weaker-than-expected guidance caught Goldman Sachs analysts by surprise even though they were already cautious on the Australian retailer's apparel operation. Analysts Lisa Deng and James Leigh lower their annual Ebit forecast for Premier's Peter Alexander sleepwear brand by 12%, and for its Smiggle stationery chain by 23%. They tell clients in a note that the disappointing outlook for both signals a loss of operating leverage, and leaves them wondering whether the change is cyclical or structural. There is potential for further deleverage if sales are not restored, they add. Goldman Sachs cuts its target price on the stock 14% to A$27.85 and maintains a neutral rating. Shares are at A$27.78 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 13, 2025 17:42 ET (22:42 GMT)
Copyright (c) 2025 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。