2223 GMT - Risks posed by U.S. tariffs now appear largely priced into auto parts retailer ARB's stock, says Jefferies, upgrading it to hold from underperform. ARB's key factories are in Thailand and its largest market is the U.S. Analyst John Campbell notes the U.S. hasn't threatened tariffs on Thai imports, but Thailand's trade surplus with the U.S. could make it a future target. "This obviously poses a risk for ARB's export efforts into the U.S., which represent 40% of all ARB exports and 20% of our FY 2026 ARB group revenue" estimate, Jefferies says. Still, if tariffs are contained only to Chinese imports to the U.S. then ARB has a chance to expand margins or its market share, the bank adds. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 06, 2025 17:23 ET (22:23 GMT)
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