0249 GMT - Premier Investments' bulls at UBS see three good reasons to stay positive on the Australian retailer. Analysts at the investment bank point to the strong domestic performance of sleepwear chain Peter Alexander, Premier's stake in small-appliance maker Breville, and the significant year-to-date underperformance of its stock relative to Australia's small ordinaries index. These combine to more than offset Peter Alexander's U.K. startup costs and weakness in Premier's Smiggle stationery business. The analysts cut the stock's target price by 21% to A$19.00 on Smiggle-related cuts to their earnings forecasts. UBS keeps a buy rating on the stock, which is up 1.25% at A$15.41. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 07, 2025 21:49 ET (02:49 GMT)
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