2336 GMT - The slightly stronger skew in Amotiv's earnings toward the vehicle-accessory supplier's fiscal 2H doesn't seem to concern its bulls at Wilsons. The Australian broker's analysts tell clients in a note that Amotiv's 1Q update was broadly in line with their expectations. The implied 2H skew is due to the timing of price rises and protracted destocking by product resellers, they add. They see earnings momentum as a key ingredient in the stock's continued rerating. Wilsons keeps an overweight recommendation on the stock and lifts its target price 0.2% to A$12.71. Shares are down 2.1% at A$10.78. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 21, 2024 19:36 ET (23:36 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。