0456 GMT - Accent Group's annual earnings could get a double-digit boost if the Australian retail group ends up running Sports Direct's regional operations in conjunction with the business's owner, according to Citi analyst Sam Teeger. Analyzing a scenario in which Accent and U.K.-listed Frasers Group form a JV, Teeger tells clients in a note that he sees 11% upside to Accent's fiscal 2024 Ebitda. This is based on the chain hitting just one third of the size of Super Retail Group's Rebel Sport, and what Teeger says are relatively modest sales and margin assumptions. Citi has a buy rating and A$2.57 target price on Accent shares, which are down 1.9% at A$1.795. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 00:56 ET (04:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.