0008 GMT - Harvey Norman is downgraded to neutral from buy at UBS, where analysts see risk from the impact of potential interest-rate rises. The investment bank's analysts tell clients in a note that the home-goods retailer's recent share-price gains and concern that the Reserve Bank could soon start raising interest rates--a policy switch that would likely hit consumer sentiments and household spending--means risk-reward now looks more balanced. The UBS view is that consumers are already worried about the potential for higher rates, and the analysts reckon that Harvey Norman is more exposed than rival JB Hi-Fi. UBS trims its target price 3.2% to A$7.50. Shares are down 1.3% at A$6.88. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 27, 2025 19:08 ET (00:08 GMT)

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