0011 GMT - Premier Investments' bulls at UBS continue to find the Australian retail group's risk/reward as attractive despite a challenged outlook for its stationery unit and losses stemming from its U.K. expansion. The investment bank's analysts expect Premier to report underlying earnings of A$119.8 million when it announces its first-half results next week, which is in line with guidance. They think that the market is underestimating the impact of Premier's stake in small-appliance maker Breville on valuation, and see its Peter Alexander sleepwear brand performing well in its core Australia and New Zealand markets. UBS trims the stock's target price by 5.3% to A$18.00 but keeps a buy rating on the stock, which is up 0.7% at A$12.43. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 12, 2026 20:11 ET (00:11 GMT)
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