Australia's Baby Bunting rises after Citi eyes positive outlook

Baby Bunting

16/10/2025 02:22

Updates

** Shares of Australia's Baby Bunting Group  BBN.AX rise as much as 2.9% to A$2.88, marking biggest intraday pct jump since October 2

** Citi analysts see rebound in Australia's birth rate as positive for maternity and baby goods retailer

**  Brokerage maintains both "buy" rating on stock and target price of A$3.52

** Mentions official data of Australia seeing a +2% increase in registered births in 2024, which is "positive for Baby Bunting's CY25/CY26 sales" in Citi's opinion

** We see a number of self-help initiatives for Baby Bunting to drive medium-term earnings growth — Citi

** However, brokerage still flags early caution for stock, given there is a long tail of stores to be refurbished, among other issues

**  Stock up 66.7% YTD, as of last close

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))