2310 GMT - U.S. tariffs are unlikely to have a material effect on Australian small-appliance maker Breville, Goldman Sachs analysts say. They tell clients in a note that their best guess is that Breville's coffee machines and other appliances could be subject to a 5%-10% tariff increase. They stress that this is not certain, and point out in a note to clients that coffee-machines are not seen as highly price-sensitive products. The analysts add that Breville has raised prices in the past without significant volume effects, and competes against peers facing similar pressures. GS reiterates its "buy" rating on the stock, with a A$34.20 target price. Shares are at A$31.35 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 07, 2024 18:10 ET (23:10 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。