Investors Should Wait Before Buying Premier Investments -- Market Talk
Dow Jones
Dec 08
0018 GMT - Investors would be wise to wait for Premier Investments' next update before jumping on the Australian retailer's beaten-down stock, Macquarie analysts say. They concede that the stock looks cheap following its 16% dive at the end of last week, but tell clients in a note that they don't know how deeply the company's challenges run. They want more detail from the Australian company about whether weakness in consumer spending is confined to its Smiggle stationery business. The worry is that it extends to the Peter Alexander sleepwear chain. Macquarie cuts its target price 22% to A$16.20 and stays neutral on the stock, which is down 0.3% at A$15.175. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 07, 2025 19:18 ET (00:18 GMT)
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