Baby Bunting Upgraded by Morgans With Refurbished Stores in Focus -- Market Talk
Dow Jones
Jan 12
2248 GMT - Baby Bunting gets an upgrade from Morgans after the retailer's stock fell more than 20% from its October high. "We see the risk/reward more balanced, and see some upside potential, particularly if refurbished stores continue to perform above expectations," analyst Emily Porter says. Morgans moves to hold, from trim, but keeps its price target unchanged at A$2.70/share. Baby Bunting has now completed nine store refurbishments, and early signs are promising. Morgans says an update on those stores should come at Baby Bunting's 1H result in February, and is likely to be positive. Baby Bunting ended last week at A$2.59.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 11, 2026 17:48 ET (22:48 GMT)
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