BUZZ-Citi, Morningstar see slower sales for Australia's JB Hi-Fi
Reuters
Feb 17
BUZZ-Citi, Morningstar see slower sales for Australia's <a href="https://laohu8.com/S/JBHHY">JB Hi-Fi</a>
** Analysts at Morningstar expect JB Hi-Fi's JBH.AX sales growth to moderate in the face of a higher cash rate environment
** Consumer electronics retailer posted slower January sales growth of 4% for its Australia segment
** Analysts at Citi see added risk from a much more aggressive rate-hiking cycle from the Reserve Bank of Australia
** Citi lowers target price to A$100/shr over slower sales, retains "buy" rating
** Consumer electronics margins will also be affected by price deflation resulting from intense competition - Morningstar
** YTD, stock down 14.4% as of last close
(Reporting by Shivangi Lahiri in Bengaluru; Editing by Lisa Shumaker)
((shivangi.lahiri@thomsonreuters.com))
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