0448 GMT - Any dip in JB Hi-Fi shares when the Australian entertainment retailer announces its 3Q trading performance is for buying, according to its bull at Citi. Analyst Adrian Lemme expects a strong March quarter but tells clients in a note that there is a chance that the company might have experienced some weakness in April. If so, investors should be ready to take advantage of any weakness in the stock, Lemme says. He remains positive on the stock after electronics was the standout category in recent Australian retail-sales data. Postelection political certainty and impending interest-rate cuts are also supportive factors. Citi has a buy rating and a A$110.00 target price on the stock, which is down 0.6% at A$103.62. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 05, 2025 00:49 ET (04:49 GMT)
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