0126 GMT - A tough operating environment means Temple & Webster will find it hard over the next 12 months to generate material revenue growth without sacrificing market share, Macquarie analysts warn in a note. Cutting their recommendation to neutral from outperform, the analysts tell clients in a note that the Australian furniture retailer's focus on reducing costs is correct but newly implemented marketing efficiencies will weigh on growth. They warn that, with interest-rate rises making things harder for consumers, this makes the online retailer's pursuit of real operating leverage look even trickier. Macquarie cuts its target price on the stock 65% to A$4.75. Shares are down 2.6% at A$4.85. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 13, 2026 21:26 ET (01:26 GMT)

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