BUZZ-Citi, Morningstar see slower sales for Australia's JB Hi-Fi

Reuters
02/17
BUZZ-Citi, Morningstar see slower sales for Australia's <a href="https://laohu8.com/S/JBHHY">JB Hi-Fi</a>

** Analysts at Morningstar expect JB Hi-Fi's JBH.AX sales growth to moderate in the face of a higher cash rate environment

** Consumer electronics retailer posted slower January sales growth of 4% for its Australia segment

** Analysts at Citi see added risk from a much more aggressive rate-hiking cycle from the Reserve Bank of Australia

** Citi lowers target price to A$100/shr over slower sales, retains "buy" rating

** Consumer electronics margins will also be affected by price deflation resulting from intense competition - Morningstar

** YTD, stock down 14.4% as of last close

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Lisa Shumaker)

((shivangi.lahiri@thomsonreuters.com))

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