Cettire Appears to Have Lost Some Momentum in U.S. -- Market Talk
Dow Jones
Oct 22, 2025
0139 GMT - Cettire's trading update suggests that the luxury-goods retailer has recently lost some U.S. momentum, E&P analysts say. E&P's Olivier Coulon and Shankari Thayakaran see the retailer's return to positive Ebitda in its fiscal first quarter as a positive, but tell clients in a note that U.S. momentum seems to have slowed since August. They say this shouldn't be a surprise given the U.S. has ended its import-duty exemption on goods valued at under US$800. Overall, the update appears to be marginally ahead of E&P's expectations. E&P has a last-published neutral rating and A$1.18 target price on the stock, which is up 4.1% at A$0.755. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 21, 2025 21:39 ET (01:39 GMT)
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