Citi cuts earnings forecast, PT for Australia's Super Retail on rising costs
11/06/2026 20:53
BUZZ-Citi cuts earnings forecast, PT for Australia's Super Retail on rising costs ** Citi lowers FY27 EBIT forecast for Super Retail SUL.AX by 5%, citing higher corporate/project cost guidance
** Trims target price slightly to A$14.20
** Super Retail said on Thursday its store portfolio is planned to increase from 790 to more than 900 by 2031
** However, Citi says there longer-term opportunities in SUL's brands like Rebel and Supercheap Auto/BCF that may offset competition related challenges if properly executed
** 6 of 14 analysts rate the stock "buy" or higher, 6 "hold" and 2 "sell" or lower; their median PT is A$14.05 – according to data compiled by LSEG
** Stock down 23% YTD as of last close
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
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