0340 GMT - ARB Corp.'s underperformance relative to global auto-parts peers since the U.S. election is hard to explain, Jefferies analysts say. They concede that there is great uncertainty around the final form of U.S. tariffs, but can't immediately see why an Australian company with manufacturing in Malaysia and Australia has been turned on so forcefully by investors. They tell clients in a note that it's understandable that U.S. manufacturers with production in Mexico have underperformed, but less so in the case of ARB, which is only exposed to aluminum and steel tariffs. ARB still looks expensive to Jefferies' analysts, even though its U.S. distribution strategy is taking real shape. Jefferies has a hold rating and A$36.00 target price on the stock, which is up 0.1% at A$34.00. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 17, 2025 23:40 ET (03:40 GMT)
Copyright (c) 2025 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。