2345 GMT - Baby Bunting's new store strategy shows early promise, but not enough to turn Macquarie analysts bullish on the stock. Maintaining a neutral rating on the baby goods retailer, they tell clients in a note that they remain conservative while watching for signs of further traction. They like the improved sales momentum at the Australian company's handful of refurbished stores. They point out that Baby Bunting has reiterated its expectation to refurbish up to a dozen outlets across fiscal 2026. Macquarie lifts its target price by 26% to A$3.15. Shares are down 1.7% at A$2.95. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 14, 2025 19:45 ET (23:45 GMT)
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