Australia's JB Hi-Fi rises; Morgan Stanley positive on stock

JB Hi-Fi

12/02/2025 03:10

** Shares of Australia's JB Hi-Fi  JBH.AX  gain 0.8% after
rising about 1.5% to A$101.21 earlier in the day
    ** Analysts at Morgan Stanley remain positive on the stock,
reflecting the firm's sales growth on higher volumes
    ** Morgan Stanley says the weak Australian dollar will not
affect JBH specifically and could impact retailers across the
sector
    ** Brokerage adds that co's promotional activity is more
maintained than increased with the firm making sure they are not
behind in the discount activity in the retailing market
    ** MS has an "underweight" rating on stock and PT of A$69.2
    ** Three of 14 analysts rate the stock "buy" or higher,
eight "hold" and three "sell"; their median PT is A$91 –
according to data compiled by LSEG 
    ** JB Hi-Fi stock has gained 8.3%, YTD

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