0313 GMT - Premier Investments' bull at UBS says the strength of its domestic sleepwear business and a stake in small-appliance maker Breville support the stock's attractive risk/reward. Looking forward to next week's annual result announcement, analyst Shaun Cousins acknowledges that the retail conglomerate faces headwinds from its efforts to expand the Peter Alexander sleepwear chain in the U.K. but tells clients in a note that its core domestic operation is executing well under a strong brand. Premier owns 25% of ASX-listed Breville, a holding that Cousins reckons is underappreciated within Premier's valuation. UBS keeps a buy rating on the stock with an unchanged target price of 16.50 Australian dollars. Shares are down 0.4% at A$11.21.