Eagers Automotive Shakes off Bears at UBS -- Market Talk
Dow Jones
Nov 05, 2025
0325 GMT - Eagers Automotive shakes off its bears at UBS amid improved near-term earnings momentum at the Australian auto dealer. Raising their recommendation to neutral from sell, UBS analysts tell clients in a note that Eagers has maintained stronger front-end margins than they had expected and is executing well on controlling operating costs. The analysts add that Eagers is benefiting from stronger momentum from BYD vehicles with consumers, while its investment in CanadaOne looks more accretive and higher quality than UBS had expected. UBS lifts its target price 76% to A$33.00. Shares are down 0.5% at A$32.40. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 04, 2025 22:25 ET (03:25 GMT)
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