Harvey Norman Loses Bull Amid Interest-Rate Risk -- Market Talk

Dow Jones

Nov 28, 2025

0008 GMT - Harvey Norman is downgraded to neutral from buy at UBS, where analysts see risk from the impact of potential interest-rate rises. The investment bank's analysts tell clients in a note that the home-goods retailer's recent share-price gains and concern that the Reserve Bank could soon start raising interest rates--a policy switch that would likely hit consumer sentiments and household spending--means risk-reward now looks more balanced. The UBS view is that consumers are already worried about the potential for higher rates, and the analysts reckon that Harvey Norman is more exposed than rival JB Hi-Fi. UBS trims its target price 3.2% to A$7.50. Shares are down 1.3% at A$6.88. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 27, 2025 19:08 ET (00:08 GMT)

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The investment bank's analysts tell clients in a note that the home-goods retailer's recent share-price gains and concern that the Reserve Bank could soon start raising interest rates--a policy switch that would likely hit consumer sentiments and household spending--means risk-reward now looks more balanced. The UBS view is that consumers are already worried about the potential for higher rates, and the analysts reckon that <a href=\"https://laohu8.com/S/HNORY\">Harvey Norman</a> is more exposed than rival <a href=\"https://laohu8.com/S/JBHHY\">JB Hi-Fi</a>. UBS trims its target price 3.2% to A$7.50. Shares are down 1.3% at A$6.88. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 27, 2025 19:08 ET (00:08 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Harvey Norman Loses Bull Amid Interest-Rate Risk -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHarvey Norman Loses Bull Amid Interest-Rate Risk -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-28 08:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0008 GMT - <a href=\"https://laohu8.com/S/HNORF\">Harvey Norman</a> is downgraded to neutral from buy at UBS, where analysts see risk from the impact of potential interest-rate rises. The investment bank's analysts tell clients in a note that the home-goods retailer's recent share-price gains and concern that the Reserve Bank could soon start raising interest rates--a policy switch that would likely hit consumer sentiments and household spending--means risk-reward now looks more balanced. The UBS view is that consumers are already worried about the potential for higher rates, and the analysts reckon that <a href=\"https://laohu8.com/S/HNORY\">Harvey Norman</a> is more exposed than rival <a href=\"https://laohu8.com/S/JBHHY\">JB Hi-Fi</a>. UBS trims its target price 3.2% to A$7.50. Shares are down 1.3% at A$6.88. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 27, 2025 19:08 ET (00:08 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7153","symbol_name":"综合零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2586275944","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586275944","pubTimestamp":1764288480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0008 GMT - Harvey Norman is downgraded to neutral from buy at UBS, where analysts see risk from the impact of potential interest-rate rises. The investment bank's analysts tell clients in a note that the home-goods retailer's recent share-price gains and concern that the Reserve Bank could soon start raising interest rates--a policy switch that would likely hit consumer sentiments and household spending--means risk-reward now looks more balanced. The UBS view is that consumers are already worried about the potential for higher rates, and the analysts reckon that Harvey Norman is more exposed than rival JB Hi-Fi. UBS trims its target price 3.2% to A$7.50. Shares are down 1.3% at A$6.88. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7153":"综合零售","BK7041":"综合货品商店","HVN.AU":"HARVEY NORMAN HOLDINGS LTD"},"translate_title":"哈维·诺曼(Harvey Norman)因利率风险而失去牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HVN.AU":0.9},"content_text":"0008 GMT - Harvey Norman is downgraded to neutral from buy at UBS, where analysts see risk from the impact of potential interest-rate rises. The investment bank's analysts tell clients in a note that the home-goods retailer's recent share-price gains and concern that the Reserve Bank could soon start raising interest rates--a policy switch that would likely hit consumer sentiments and household spending--means risk-reward now looks more balanced. The UBS view is that consumers are already worried about the potential for higher rates, and the analysts reckon that Harvey Norman is more exposed than rival JB Hi-Fi. UBS trims its target price 3.2% to A$7.50. Shares are down 1.3% at A$6.88. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 27, 2025 19:08 ET (00:08 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","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":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}