BUZZ-Citi hikes price target for Australia's Temple & Webster on outlook upgrade

Reuters

02/17

** Citi has hiked its price target $(PT)$ for shares of online furniture retailer Temple & Webster TPW.AX to A$21.10 from A$13.50

** Price target hike reflects FY25 earnings upgrade after earnings before interest, taxes, depreciation, and amortization (EBITDA) beat analysts' expectations in the first half

** Co shares closed 11.8% higher at A$18.04 on Friday, February 14

** Citi maintaining "buy" rating on co

** 7 of 11 analysts rate the stock "buy" or higher, four "hold"; their median PT is A$17.25 – according to data compiled by LSEG

** Stock rose 3.6% in 2024

(Reporting by Nichiket Sunil in Bengaluru; Editing by Lisa Shumaker)

((Nichiket.Sunil@thomsonreuters.com;))

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Webster on outlook upgrade</title></head><body><p>** Citi has hiked its price target <a href=\"https://laohu8.com/S/PT\">$(PT)$</a> for shares of online furniture retailer Temple &amp; Webster <span>TPW.AX</span> to A$21.10 from A$13.50</p><p>** Price target hike reflects FY25 earnings upgrade after earnings before interest, taxes, depreciation, and amortization (EBITDA) beat analysts' expectations in the first half</p><p>** Co shares closed 11.8% higher at A$18.04 on Friday, February 14</p><p>** Citi maintaining \"buy\" rating on co</p><p>** 7 of 11 analysts rate the stock \"buy\" or higher, four \"hold\"; their median PT is A$17.25 – according to data compiled by LSEG</p><p>** Stock rose 3.6% in 2024</p><p> (Reporting by Nichiket Sunil in Bengaluru; Editing by Lisa Shumaker)</p><p> ((Nichiket.Sunil@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TPW.AU","symbol_name":"TEMPLE & WEBSTER GROUP LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250216:nL3N3P704V:1","article_id":"2512968478","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512968478","pubTimestamp":1739747299,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Citi hikes price target for Australia's Temple & Webster on outlook upgrade** Citi has hiked its price target  for shares of online furniture retailer Temple & Webster TPW.AX to A$21.10 from A$13.50** Price target hike reflects FY25 earnings upgrade after earnings before interest, taxes, depreciation, and amortization  beat analysts' expectations in the first half** Co shares closed 11.8% higher at A$18.04 on Friday, February 14** Citi maintaining \"buy\" rating on co** 7 of 11 analysts rate the stock \"buy\" or higher, four \"hold\"; 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