Worries Ease About Wesfarmers' Impact on Bapcor -- Market Talk

Dow Jones

05-23

0120 GMT - Citi analysts feel a bit more reassured about Bapcor's prospects after hearing more about Wesfarmers' plans for auto-accessory retail. Analysts Sam Teeger and William Park tell clients in a note that they are less cautious about the potential medium-term impact of Wesfarmers' entry into the space through its giant Bunnings hardware chain. They say that Wesfarmers doesn't have any aspirations for its Bunnings stores to offer the specialized range available elsewhere. The Citi analysts say they will keep watching for potential foot-traffic impacts on Bapcor's Autobarn stores. Citi has a neutral rating and A$5.43 target price on Bapcor shares. The stock is up 1.35% at A$5.27. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 22, 2025 21:20 ET (01:20 GMT)

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Analysts Sam Teeger and William Park tell clients in a note that they are less cautious about the potential medium-term impact of Wesfarmers' entry into the space through its giant Bunnings hardware chain. They say that Wesfarmers doesn't have any aspirations for its Bunnings stores to offer the specialized range available elsewhere. The Citi analysts say they will keep watching for potential foot-traffic impacts on Bapcor's Autobarn stores. Citi has a neutral rating and A$5.43 target price on Bapcor shares. The stock is up 1.35% at A$5.27. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2025 21:20 ET (01:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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":"BK7086","symbol_name":"经销商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537719589","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537719589","pubTimestamp":1747963200,"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":"0120 GMT - Citi analysts feel a bit more reassured about Bapcor's prospects after hearing more about Wesfarmers' plans for auto-accessory retail. 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