2219 GMT - Goldman Sachs analysts are still waiting on a turnaround at Premier Investments' Smiggle stores. Keeping a neutral rating on the stock, the analysts says in a note that the stationery supplier's first-half sales were about 8% lower than they had anticipated, with the U.K. and Singapore dragging on performance. They lower their sales forecasts for the unit through fiscal 2027, but the Ebit impact is offset by the expectation of better China supplier support. Things look brighter at the retail conglomerate's Peter Alexander sleepwear chain, where the Goldman analysts raise their sales forecasts by 4%-5% on a better-than-expected first-half performance. Goldman raises its target price 2.5% to A$22.55. Shares are at A$21.21 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 24, 2025 18:19 ET (22:19 GMT)
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