** Shares of motor vehicle accessories manufacturer ARB Corporation ARB.AX rise as much as 1.1% to A$33.640
** ARB founders Roger and Andrew Brown have increased their stake by ~1% through related entities, buying approximately A$1 mln ($628,500) of ARB shares - Citi
** Brokerage recently downgraded ARB due to issues with its Australian aftermarket division and potential market share losses from the BYD Shark, a Chinese vehicle accounting for 12% of 4x4 sales in its debut month
** Citi also anticipates challenges for co from Ford's upcoming plug-in hybrid Ranger and GWM's similarly priced hybrid Cannon in Australia
** Brokerage maintains "neutral" rating at target price of A$39.54
** Five of 14 analysts rate the stock "buy" or higher, eight as "hold" and one as "sell"; their mean PT is A$40.17 – LSEG data
** Stock down 17.7% this year, including current session
($1 = 1.5911 Australian dollars)
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
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