2354 GMT - Breville's long-term global growth story is unlikely to be derailed by U.S. tariffs but uncertainty remains over near-term impacts, UBS analyst Apoorv Sehgal warns. While he sees several options for the small-appliance maker to mitigate the impact of tariffs on its U.S. business, Sehgal doesn't see compelling value in a stock that is trading at 32x his fiscal 2026 earnings forecast. He tells clients in a note that the Australian company could raise prices, ask manufacturing partners to wear some of the costs, reduce discounting, reallocate sales to higher-margin retailers, or reallocate resources to growing sales in other geographies. UBS cuts its target price 11% to A$33.10 and keeps a neutral rating. Shares are down 10% at A$26.96. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 19:54 ET (23:54 GMT)
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