Premier Investments' Bull Sees Attractive Risk/Reward
Dow Jones
Sep 18
0313 GMT - Premier Investments' bull at UBS says the strength of its domestic sleepwear business and a stake in small-appliance maker Breville support the stock's attractive risk/reward. Looking forward to next week's annual result announcement, analyst Shaun Cousins acknowledges that the retail conglomerate faces headwinds from its efforts to expand the Peter Alexander sleepwear chain in the U.K. but tells clients in a note that its core domestic operation is executing well under a strong brand. Premier owns 25% of ASX-listed Breville, a holding that Cousins reckons is underappreciated within Premier's valuation. UBS keeps a buy rating on the stock with an unchanged target price of 16.50 Australian dollars. Shares are down 0.4% at A$11.21.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.