Aussie auto-parts dealer Bapcor slips on Citi PT cut

Bapcor

18/10/2023 24:24

** Analysts at Citi lower price target on Australia's Bapcor
 BAP.AX  to A$6.40 from A$7   
    ** BAP shares fall 1.9% to A$5.8
    ** Brokerage remains 'neutral' rated on the auto-parts
provider
    ** Cuts FY24 to FY26 EPS estimates by 2% to 6% reflecting
weaker than expected trading update 
    ** Co fell around 11% on Tuesday after its YTD pro-forma net
profit after tax (NPAT) at end of September fell behind
expectations
    ** BAP down 8.5% this year as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))