Harvey Norman Loses Bull as Interest Rate Rise Looms -- Market Talk

Dow Jones

01/07

2200 GMT - Harvey Norman loses a bull in Jefferies despite the Australian retailer appearing to take market share from its rivals during the key Christmas trading period. Jefferies downgrades Harvey Norman to hold, from buy, and lowers its price target by 9.5% to A$7.60/share. Analyst Michael Simotas notes Harvey Norman's stock is up nearly 50% over the past 12 months. It is now trading a price-to-earnings multiple of 18x. "We believe earnings upgrades will be needed to drive further upside, which seems unlikely, with the market now pricing rate hikes from February," Jefferies says. Harvey Norman ended Tuesday at A$6.90.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 06, 2026 17:00 ET (22:00 GMT)

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Jefferies downgrades <a href=\"https://laohu8.com/S/HNORY\">Harvey Norman</a> to hold, from buy, and lowers its price target by 9.5% to A$7.60/share. Analyst Michael Simotas notes <a href=\"https://laohu8.com/S/HVN.AU\">Harvey Norman</a>'s stock is up nearly 50% over the past 12 months. It is now trading a price-to-earnings multiple of 18x. \"We believe earnings upgrades will be needed to drive further upside, which seems unlikely, with the market now pricing rate hikes from February,\" Jefferies says. Harvey Norman ended Tuesday at A$6.90.(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 06, 2026 17:00 ET (22:00 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Harvey Norman Loses Bull as Interest Rate Rise Looms -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHarvey Norman Loses Bull as Interest Rate Rise Looms -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-01-07 06:00</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2200 GMT - <a href=\"https://laohu8.com/S/HNORF\">Harvey Norman</a> loses a bull in Jefferies despite the Australian retailer appearing to take market share from its rivals during the key Christmas trading period. Jefferies downgrades <a href=\"https://laohu8.com/S/HNORY\">Harvey Norman</a> to hold, from buy, and lowers its price target by 9.5% to A$7.60/share. Analyst Michael Simotas notes <a href=\"https://laohu8.com/S/HVN.AU\">Harvey Norman</a>'s stock is up nearly 50% over the past 12 months. It is now trading a price-to-earnings multiple of 18x. \"We believe earnings upgrades will be needed to drive further upside, which seems unlikely, with the market now pricing rate hikes from February,\" Jefferies says. Harvey Norman ended Tuesday at A$6.90.(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 06, 2026 17:00 ET (22:00 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7153","symbol_name":"綜合零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2601845670","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601845670","pubTimestamp":1767736800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2200 GMT - Harvey Norman loses a bull in Jefferies despite the Australian retailer appearing to take market share from its rivals during the key Christmas trading period. Jefferies downgrades Harvey Norman to hold, from buy, and lowers its price target by 9.5% to A$7.60/share. Analyst Michael Simotas notes Harvey Norman's stock is up nearly 50% over the past 12 months. It is now trading a price-to-earnings multiple of 18x. \"We believe earnings upgrades will be needed to drive further upside, which seems unlikely, with the market now pricing rate hikes from February,\" Jefferies says. Harvey Norman ended Tuesday at A$6.90.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7153":"综合零售","BK7041":"综合货品商店","HVN.AU":"HARVEY NORMAN HOLDINGS LTD"},"translate_title":"随着加息迫在眉睫，哈维·诺曼失去了牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HVN.AU":0.9},"content_text":"2200 GMT - Harvey Norman loses a bull in Jefferies despite the Australian retailer appearing to take market share from its rivals during the key Christmas trading period. Jefferies downgrades Harvey Norman to hold, from buy, and lowers its price target by 9.5% to A$7.60/share. Analyst Michael Simotas notes Harvey Norman's stock is up nearly 50% over the past 12 months. It is now trading a price-to-earnings multiple of 18x. \"We believe earnings upgrades will be needed to drive further upside, which seems unlikely, with the market now pricing rate hikes from February,\" Jefferies says. Harvey Norman ended Tuesday at A$6.90.(david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 06, 2026 17:00 ET (22:00 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}