0404 GMT - Australia's Breville looks well placed to respond to any U.S. tariff changes but may not be able to deliver on plans to stockpile inventory just yet, Jarden analysts tell clients in a note. They tell clients that strong U.S. demand for the small-appliance maker's products means that it may not have the capacity to build inventory in the country until after the second half of its fiscal year. Thanksgiving, Black Friday, and Christmas all fall within Breville's first fiscal half. Looking elsewhere, they say the size of Breville's opportunity in Asia is huge but that a bigger push into the region would increase risk. Jarden maintains a neutral rating and A$26.30 target price on the stock. Shares are down 0.4% at A$31.22. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 07, 2024 23:04 ET (04:04 GMT)
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