0001 GMT - Temple & Webster's second-half sales growth looks slightly softer than the market had expected, but not by so much that analysts need to materially downgrade forecasts, according to its bull at RBC. Analyst Wei-Weng Chen tells clients in a note that, while the 18% revenue growth so far in the period falls short, the 23% exit rate, combined by a strong performance through June, could be enough to get the furniture retailer close to the 22% analysts are looking for. With tailwinds from tariffs and an improved fiscal 2026 outlook, Chen doesn't think things look too bad. RBC has an outperform rating and A$19.00 target price on the stock, which is at A$17.23 ahead of the open.(stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 06, 2025 20:01 ET (00:01 GMT)
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