2251 GMT - Premier Investments' bull expects strong second-half sales growth from the retail conglomerate's Peter Alexander chain. Calling the sleepwear company the "heavy earnings lifter" at Premier, analyst Chami Ratnapala tells clients in a note that she anticipates 11% growth in sales for the six months through July. This should be supported by store metrics, above-category growth and easier comparisons with the prior-year period, she explains. Even so, challenges remain at Premier's Smiggle stationery chain, and Ratnapala says her forecasts factor in some conservatism. Bell Potter cuts its target price 3.3%, to A$29.00, and keeps a "buy" rating on the stock, which is at A$21.21 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 24, 2025 18:51 ET (22:51 GMT)
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