ARB's (ASX:ARB) second-half Australian aftermarket sales are likely to be impacted by declined February car sales in Australia, according to a Thursday report by the Australian, citing investment and financial services firm Citi.
Citi analyst Sam Teeger notes that the company will face competition in the 4×4 category from Chinese automaker BYD while plug-in hybrid electric vehicles will no longer be free of fringe benefits tax from April.
The investment firm downgraded ARB's rating to neutral and cut its target price by 23% to AU$39.54.
Company shares were down 2% in recent Thursday trade.
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。