Baby Bunting Bulls Growing More Confident in New-Store Plans -- Market Talk
Dow Jones
Sep 26, 2025
0501 GMT - Baby Bunting's bulls at Morgan Stanley see the baby-goods retailer's store roll-out target becoming increasingly credible. The Australian company aims to add 80 stores to its current 75 and the MS analysts say they have more confidence in this happening than they did 18 months ago. They tell clients in a note that improved margins and a focus on a new store format are all positive. They concede there are risks from cyclical consumer headwinds, costs and whether customers ultimately take to the new format, but keep an overweight rating on the stock. Target price rises 20% to A$3.60. Shares are down 1.7% at A$2.94. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 26, 2025 01:01 ET (05:01 GMT)
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