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ARB ARB News Story

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Jefferies cuts ARB Corp's price target on Australian Aftermarket demand woes

** Jefferies cut its price target for Australia's ARB Corp ARB.AX to A$41 from A$42 owing to concerns over its Australian Aftermarket segment due to weak consumer macro environment

** The brokerage has turned cautious on the motor-vehicle accessories maker's Australian Aftermarket segment after the recent store visits

** Jefferies trimmed targets for FY26 to FY28 sales and net profit after tax by about 1% each

** Nine of 13 analysts rate the stock "buy" or higher, while four recommend "hold"; their median price target is A$42.28, as per data compiled by LSEG

** Stock is down 22.6% YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com))

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