2332 GMT - Vehicle-parts distributor Bapcor has much work to do but has probably reassured the market on the relative defensiveness of its core trade segment, UBS analyst Tim Piper says. He tells clients in a note that confidence looks to be growing that Bapcor's trade segment is positioned to benefit from a rebound in after-market activity following a period of relatively subdued demand. Retail and specialist-wholesale segment conditions are more challenging, but Piper points out that Bapcor is positioning one retail business for divestment, and that one wholesale business has already been sold. UBS is unrated on Bapcor. Shares are flat at A$5.15. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 02, 2025 18:32 ET (23:32 GMT)
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