Australia's JB Hi-Fi rebounds after early losses; UBS lifts PT

JB Hi-Fi

08/05/2025 03:40

** Shares of Australia's JB Hi-Fi JBH.AX recoup earlier losses; last trading 0.1 lower%

** JBH fell up to 3.2% earlier in the day

** The stock fell more than 5% on Wednesday after the electronic retailer's sales in February and March slowed compared to January

** Analysts at UBS lift price target to A$95 from A$90; keep rating at "sell"

** Brokerage increases PT despite lower earnings due to higher FY26 enterprise value/EBIT multiple on greater confidence in the resilience in sales and EBIT margins

** Stock up 11.5% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))