For Eagers Automotive, Positives Outweigh Concerns -- Market Talk

Dow Jones
05/11

0109 GMT - Morgan Stanley sticks with an overweight call on Eagers Automotive after incorporating the acquisition of CanadaOne into forecasts for the car dealership. It feels positives outweigh concerns right now. Eagers is benefiting from strong momentum behind the BYD brand, with the strongest months historically for trading still to come. Analyst Chenny Wang is also upbeat about easyauto123's performance and prospects for CanadaOne. On the latter, MS says it doesn't have specific insight "but feel any reiteration of strategy brings to the fore capital deployment optionality in an attractive industry structure, especially against any softer backdrops." Among its concerns are subdued new vehicle sales in Australia and the impact of higher interest rates. Its price target falls 6.3% to A$30.00/share. Eagers is down 0.2% at A$23.74. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

May 10, 2026 21:09 ET (01:09 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10