0146 GMT - Temple & Webster's bull at Citi sees the Australian furniture retailer's product range providing some protection against a potential threat from Amazon. Analyst Sam Teeger tells clients in a note that Amazon's investment in additional Australian fulfillment centers could lead to an expansion into new categories and competitive pressure on Temple & Webster. However, Teeger reckons that the Australian online retailer's significant range and number of exclusive products is a potential point of difference. Amazon's threat will likely come via price and delivery, he adds. Citi has a buy rating and A$21.10 target price on the stock, which is up 2.7% at A$19.73. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 21:46 ET (01:46 GMT)
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