0422 GMT - Temple & Webster's bull at Canaccord Genuity sees no reason for the stock to derate providing that the Australian furniture retailer keeps hitting revenue-growth targets and expanding margins. Analyst Owen Humphries tells clients in a note that the company's revenue is slightly softer than he had expected so far in the June half, but that any weakness comes amid tariff uncertainty. He points out that growth appears to have accelerated through the period and that it sounds like it is still growing. Consumer demand should grow with interest-rate cuts, he adds. Canaccord Genuity raises its target price 8.6% to A$19.00 and keeps a buy rating on the stock, which is up 2.5% at A$18.89. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 00:22 ET (04:22 GMT)
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