Super Retail Gets New Bear Following Share Price Jump

Dow Jones
08/21

2258 GMT [Dow Jones]--Super Retail's 15% share-price rise to A$14.45 on Thursday looks overdone to Jefferies. It downgrades Super Retail to underperform, from hold, in response. "We cannot fault execution," says analyst Michael Simotas. He points out that 2H costs were well controlled, strategic inventory buy-in paid off and promotions were effective. "However, environment is tough, with high interest rates, falling property values and elevated fuel price," Jefferies says. Rebel benefited from World Cup soccer, which sets a high bar for sales next time around. Also, positive recent trading for Supercheap Auto was likely boosted by an effective lubricants promotion, which ran earlier than usual. Jefferies raises its price target on Super Retail by 2.1% to A$12.25/share.

 

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10