BUZZ-Citi upbeat on Australia's Baby Bunting outlook as birth rate rebounds

Reuters
2025/10/16
BUZZ-Citi upbeat on Australia's <a href="https://laohu8.com/S/BBN.AU">Baby Bunting</a> outlook as birth rate rebounds

** Analysts at Citi see the rebound in Australia's birth rate as positive for maternity and baby goods retailer Baby Bunting Group BBN.AX

** Brokerage maintains both "buy" rating on stock and target price of A$3.52

** Mentions official data of Australia seeing a +2% increase in registered births in 2024, which is "positive for Baby Bunting's CY25/CY26 sales" in Citi's opinion

** We see a number of self-help initiatives for Baby Bunting to drive medium-term earnings growth — Citi

** However, brokerage still flags early caution for stock, given there is a long tail of stores to be refurbished, among other issues

** Stock up 66.7% YTD, as of last close

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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