2350 GMT - Breville keeps its buy rating at Goldman Sachs, where analysts see its premium product positioning as a helpful shield against the potential impact of U.S. tariffs. About 49% of the Australian small-appliance maker's revenues come from the Americas and the GS analysts acknowledge that a large step-up in tariffs on its sourcing markets could have a material earnings impact. They trim their sales, earnings and profit forecasts for the next three years on weaker U.S. earnings, but add that Breville has lower price elasticity than rivals given its premium product positioning. They also see new market launches including in China as positive medium-term catalysts. GS cuts its target price 14% to A$35.00. Shares are at A$25.32 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 07, 2025 19:50 ET (23:50 GMT)
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