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Wesfarmers CEO Rob Scott welcomed the recent interest rate cut but acknowledged ongoing consumer struggles, projecting $60 million in lithium losses due to market oversupply. Despite these challenges, the company plans to expand its retail operations, including six new Officeworks stores and more Anko-branded outlets at Kmart, even venturing into the Philippines. Following the investor day, Wesfarmers' share price fell nearly 1%, with analysts expressing mixed views on the stock's valuation and growth potential amidst concerns of flat earnings.
Elon Musk faced tough questions about Tesla's recent performance during a conversation with Mishal Husain. The company has experienced its first annual sales drop in over a decade and reported its worst quarter of vehicle deliveries in three years. Musk's strategy for recovery remains to be seen.
Elon Musk confirmed his commitment to lead Tesla for at least the next five years during an interview at the Qatar Economic Forum, despite concerns over his focus due to his involvement with other ventures. He addressed recent reports about a potential CEO search, labeling them as false and emphasizing the importance of his compensation package to maintain control against activist investors. Tesla's sales have seen a significant decline, but the stock has recently rebounded.
UBS has maintained a Buy rating on Boot Barn Holdings Inc. with a price target of $210, following positive meetings with management that reinforced confidence in the retailer's growth prospects. Despite missing Q4 2025 earnings expectations, Boot Barn reported a record $1.9 billion in annual revenue, driven by a 17% year-over-year increase. The company plans to open 65-70 new stores in fiscal 2026, aiming for a 15% annual growth rate, while analysts anticipate a 13% compound annual growth rate in earnings per share from fiscal 2025 to 2030.
UBS has maintained a Neutral rating on Williams-Sonoma stock with a price target of $165, noting the stock is slightly overvalued at $173.57. The company is expected to reiterate its fiscal year 2025 guidance, with modest sales growth anticipated, while maintaining strong margins and financial health. Analysts remain optimistic about Williams-Sonoma's long-term strategy, including its expansion into the UK market and robust e-commerce presence, despite potential risks from new tariffs.
UBS has reiterated its Buy rating for Boot Barn Holdings Inc. (NYSE: BOOT) with a price target of $210, reflecting confidence in the retailer's growth potential following discussions with management. Despite recent earnings falling short of forecasts, Boot Barn reported a record $1.9 billion in revenue for fiscal 2025, driven by a 17% year-over-year increase. The company plans to open 65-70 new stores in fiscal 2026, aiming for a 15% compound annual growth rate in earnings per share through 2030.
UBS has upgraded Mettler-Toledo International (NYSE: MTD) from Neutral to Buy, projecting a 12.44% price increase to an average target of $1,301.39 per share. The company anticipates a revenue growth of 11.25% to $4.26 billion and a non-GAAP EPS of $52.58. Institutional ownership has slightly increased, with a bullish put/call ratio of 0.33.
Royal Caribbean (RCL) has seen its price target raised by UBS analyst Robin Farley from $301 to $311, maintaining a Buy rating. Analysts forecast an average target price of $266.42, indicating a potential upside from the current price of $254.03, while GuruFocus estimates a fair value of $177.40, suggesting a downside. In Q1 2025, RCL reported adjusted EPS of $2.71, exceeding guidance, and a 5.6% increase in net yield. The company achieved record guest satisfaction and strong bookings, supported by new ships and increased onboard spending, while also receiving a credit rating upgrade to investment grade.
Bank of America has reaffirmed a "neutral" rating for PPG Industries, lowering its price target from $143.00 to $126.00. Analysts show a consensus rating of "Moderate Buy" with a price target of $128.42, while the company reported a quarterly EPS of $1.72, exceeding estimates. PPG Industries will pay a quarterly dividend of $0.68 per share on June 12th.
The HSI rose 348 points (1.5%) to 23,681, while the HSTI increased by 60 points (1.2%) to 5,315, with market turnover reaching $205.74 billion. Notable gainers included CSPC Pharma, up 6.1%, and several heavyweights like BYD Company and China Mobile hitting new highs.
Retail and Consumer Goods
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Wesfarmers Faces Lithium Losses Amid Retail Expansion and Market Challenges
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15:42 20.05.2025
ubs maintains buy rating for boot barn with price target of 210 dollars
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