0446 GMT - JB Hi-Fi's bulls at UBS remain confident in the retailer's relative margin resilience despite the impact of higher memory costs on some of the electronics it sells. Retaining a buy rating on the stock, the investment bank's analysts tell clients in a note that the home appliance and entertainment retailer's rivals are arguably selling older, cheaper stock. This puts pressure on JB Hi-Fi to invest in promotions to maintain its price position among consumers, they add. However, they observe that JB Hi-Fi has been very effective at managing margins irrespective of the pace of sales growth. UBS trims its target price 3.4% to A$85.00. Shares are up 0.3% at A$73.19. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 07, 2026 00:46 ET (04:46 GMT)
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