ARB's Engineering Investment Generates Enthusiasm -- Market Talk

Dow Jones

06/01

0427 GMT - ARB's comment that it is "investing more in engineering than ever" generates enthusiasm at Citi. Analyst Sam Teeger believes the ASX-listed auto-accessories supplier has underinvested in engineering and says any increased spending on this front is music to his ears. However, he warns clients in a note that it may take time for any increase in engineering investment to drive a meaningful lift in sales. Citi has a last-published neutral rating and a A$17.40 target price on the stock, which is up 0.7% at A$19.39. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 01, 2026 00:27 ET (04:27 GMT)

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Analyst Sam Teeger believes the ASX-listed auto-accessories supplier has underinvested in engineering and says any increased spending on this front is music to his ears. However, he warns clients in a note that it may take time for any increase in engineering investment to drive a meaningful lift in sales. Citi has a last-published neutral rating and a A$17.40 target price on the stock, which is up 0.7% at A$19.39. 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