** Shares of Australia's Accent Group AX1.AX rise 4.2% to A$2.22; set for strongest session since Dec. 2
** Analysts at Bell Potter remain optimistic on the clothing retailer due to interest rate cut-related catalysts
** Brokerage is positive on the firm's scale and exposure in terms of channels, brands and size in addition to its strategy
** Bell Potter also views the strategic investment by U.K.-based retail conglomerate Frasers Group FRAS.L in AX1 and conclusion of negotiations expected in 2H to unlock the sizable store roll-out opportunity of FRAS's core Sports Direct banner in Australia
** Stock down 5.8% in January
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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