Jefferies trims PT on Australia's Bapcor, lowers earnings estimates

Bapcor

18/01/2024 20:56

** Analysts at Jefferies lower price target on Australia's
Bapcor  BAP.AX  to A$7.25 from A$7.50 
    ** Cuts EPS estimates on co by 7%-6% for FY24-26
    ** Brokerage suspects that co's transformation program is
running behind schedule
    ** Says co's retail and trade segments are being affected as
customers cut down on discretionary spending
    ** Stock ended Thursday at A$5.36
    ** Three of eight analysts rate the stock "buy" or higher,
four "hold" and one "sell"; their median PT is A$6.70 – LSEG
data
    ** Stock fell 14.2% in 2023

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))