BUZZ-UBS upgrades Australia's Lovisa to 'neutral' on quickening store growth; shares rise

Reuters

Jun 23, 2025

** Shares of fast-fashion jewellery retailer Lovisa Holdings LOV.AX rise as much as 3.2% to A$30.79

** UBS upgrades rating to "Neutral" from "Sell", raises price target to A$30.00 from A$26.00

** Brokerage says store growth is now accelerating, and is skewed to more established regions like Europe

** Adds co's new "Jewells" store format, which has a more curated range and a wider product offering, provides scope for greater store, sales and earnings growth

** UBS says it is also more confident in LOV given the appointment of the "well-regarded" Mark McInnes as executive deputy chairman, complementing John Cheston as global CEO

** As of last close, stock was down 1.1% YTD

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))

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shares rise</title></head><body><p>** Shares of fast-fashion jewellery retailer Lovisa Holdings <span>LOV.AX</span> rise as much as 3.2% to A$30.79</p><p>** UBS upgrades rating to \"Neutral\" from \"Sell\", raises price target to A$30.00 from A$26.00</p><p>** Brokerage says store growth is now accelerating, and is skewed to more established regions like Europe</p><p>** Adds co's new \"Jewells\" store format, which has a more curated range and a wider product offering, provides scope for greater store, sales and earnings growth</p><p>** UBS says it is also more confident in LOV given the appointment of the \"well-regarded\" Mark McInnes as executive deputy chairman, complementing John Cheston as global CEO  </p><p>** As of last close, stock was down 1.1% YTD</p><p>(Reporting by Himanshi Akhand in Bengaluru)</p><p>((Himanshi.Akhand@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LOV.AU","symbol_name":"LOVISA HOLDINGS LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250623:nL6N3SQ067:1","article_id":"2545466268","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545466268","pubTimestamp":1750651795,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-UBS upgrades Australia's Lovisa to 'neutral' on quickening store growth; 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shares rise** Shares of fast-fashion jewellery retailer Lovisa Holdings LOV.AX rise as much as 3.2% to A$30.79** UBS upgrades rating to \"Neutral\" from \"Sell\", raises price target to A$30.00 from A$26.00** Brokerage says store growth is now accelerating, and is skewed to more established regions like Europe** Adds co's new \"Jewells\" store format, which has a more curated range and a wider product offering, provides scope for greater store, sales and earnings growth** UBS says it is also more confident in LOV given the appointment of the \"well-regarded\" Mark McInnes as executive deputy chairman, complementing John Cheston as global CEO  ** As of last close, stock was down 1.1% YTD(Reporting by Himanshi Akhand in Bengaluru)((Himanshi.Akhand@thomsonreuters.com;))","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":false,"code":"91000000","status":"200"}}}