BUZZ-Citi upbeat on Australia's Breville Group after US retailers report strong earnings
Target TGT | 0.00 | |
Williams-Sonoma WSM | 0.00 | |
Best Buy Co.,Inc. BBY | 0.00 |
** Citi says strong Q1 retailer results in the US is a positive for Breville Group's BRG.AX US sales
** Brokerage says consumer resilience has continued into Q2 even as US retailers cited tailwinds from higher tax refunds in Q1
** Says VA consensus expects the kitchen appliance maker's Americas revenue growth of 4% and 7.2% in 2H26 and FY27, respectively
** Notes US retailer Best Buy BBY.N logged strengthening comparable sales each month in 2026, beneficial for BRG's sales as it invests in shop-in-shops in the retailer
** Adds, similar collaborations with Williams-Sonoma WSM.N and Target Corp TGT.N to be favorable for BRG
** Avg. stock rating of 13 analysts suggest "buy" or higher; their median PT is A$36.92, LSEG-compiled data shows
** YTD, BRG down 2.1%, as of stock's last close
