BUZZ-Australia's Breville Group gains as UBS upgrades to 'buy'

Reuters
2025/07/17
BUZZ-Australia's Breville Group gains as UBS upgrades to 'buy'

** Shares of Breville Group BRG.AX rise 3.5% to A$30.83, set for their strongest trading session since mid-May, if gains hold

** Stock among top gainers in broader benchmark index .AXJO

** UBS says that its analysis of the global coffee machines market "gives confidence" that the kitchen appliance maker can more than double its sales in the next 10 years

** Brokerage upgrades stock to "buy" from "neutral", hikes price target to A$35.5 from A$33.1

** UBS says its data supports continued strong growth ahead in Breville's core geographies such as the Americas and EMEA, coupled with opportunities in new Asian markets like China

** Adds co has a track record of share gains in each grography and is not mature outside of ANZ region

** UBS notes that stock is down around 20% since February on the back of short-term earnings risks created by U.S. tariffs, but says "the market is overlooking the bigger picture"

** Stock down 13.2% YTD, including the day's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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