** Analysts at Bell Potter raise PT for Premier Investments
to A$38 from A$34; maintain "buy" rating
** Retail fashion firm said earlier this week it will sell its apparels business earlier this week to Australian department store owner Myer for A$863.8 mln ($568.03 mln)
** Brokerage notes PMV will retain higher margin Smiggle and Peter Alexander (PA) earnings base post demerger and continues to see upside to PT from potential re-rate
** Apart from the higher growth profile of post-demerger Premier retail, we think the PA brand, which is about to commence offshore expansion and a potential 10-store opportunity, will be further incremental — Macquarie
** Shares of PMV set to log 7.1% weekly gain, its best performance since mid-August
** Five of 11 analysts rate the stock "buy" or higher and 6 "hold"; their median PT is A$32.89 — data compiled by LSEG
($1 = 1.5207 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com))
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