Accent Should Get More Time to Execute on Strategy -- Market Talk

Dow Jones

Jun 15

0431 GMT - Takeover target Accent should be given time to show it can execute on its current strategy, Citi analyst Sam Teeger reckons. Suitor Frasers says it wants Accent to conduct a strategic and financial review, but Teeger points out it was only last month that the Australian apparel retailer announced plans to generate up to A$20 million in net cost savings by fiscal 2028. Accent also flagged plans to optimize its store portfolio, he adds. Teeger tells clients in a note that it seems harsh for Frasers to pin Accent's challenges on its chairman given he was only appointed in November. Citi has a neutral rating on the stock and raises its target price 14% to 65 Australian cents, in line with Frasers' offer. Shares are up 15% at 74.5 Australian cents. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 15, 2026 00:31 ET (04:31 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2643492224"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2643492224\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2643492224?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-15 12:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2643492224","market":"sg","top_or_hot":-1,"title":"Accent Should Get More Time to Execute on Strategy -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0431 GMT - Takeover target Accent should be given time to show it can execute on its current strategy, Citi analyst Sam Teeger reckons. Suitor Frasers says it wants Accent to conduct a strategic and financial review, but Teeger points out it was only last month that the Australian apparel retailer announced plans to generate up to A$20 million in net cost savings by fiscal 2028. Accent also flagged plans to optimize its store portfolio, he adds. Teeger tells clients in a note that it seems harsh for Frasers to pin Accent's challenges on its chairman given he was only appointed in November. Citi has a neutral rating on the stock and raises its target price 14% to 65 Australian cents, in line with Frasers' offer. Shares are up 15% at 74.5 Australian cents. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 15, 2026 00:31 ET (04:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Accent Should Get More Time to Execute on Strategy -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAccent Should Get More Time to Execute on Strategy -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-15 12:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0431 GMT - Takeover target Accent should be given time to show it can execute on its current strategy, Citi analyst Sam Teeger reckons. Suitor Frasers says it wants Accent to conduct a strategic and financial review, but Teeger points out it was only last month that the Australian apparel retailer announced plans to generate up to A$20 million in net cost savings by fiscal 2028. Accent also flagged plans to optimize its store portfolio, he adds. Teeger tells clients in a note that it seems harsh for Frasers to pin Accent's challenges on its chairman given he was only appointed in November. Citi has a neutral rating on the stock and raises its target price 14% to 65 Australian cents, in line with Frasers' offer. Shares are up 15% at 74.5 Australian cents. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 15, 2026 00:31 ET (04:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AX1.AU","symbol_name":"ACCENT GROUP LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2643492224","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2643492224","pubTimestamp":1781497860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0431 GMT - Takeover target Accent should be given time to show it can execute on its current strategy, Citi analyst Sam Teeger reckons. Suitor Frasers says it wants Accent to conduct a strategic and financial review, but Teeger points out it was only last month that the Australian apparel retailer announced plans to generate up to A$20 million in net cost savings by fiscal 2028. Accent also flagged plans to optimize its store portfolio, he adds. Teeger tells clients in a note that it seems harsh for Frasers to pin Accent's challenges on its chairman given he was only appointed in November. Citi has a neutral rating on the stock and raises its target price 14% to 65 Australian cents, in line with Frasers' offer. Shares are up 15% at 74.5 Australian cents. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AX1.AU":"ACCENT GROUP LTD","BK7021":"服装零售"},"translate_title":"Accent应该有更多时间来执行战略——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AX1.AU":0.9},"content_text":"0431 GMT - Takeover target Accent should be given time to show it can execute on its current strategy, Citi analyst Sam Teeger reckons. Suitor Frasers says it wants Accent to conduct a strategic and financial review, but Teeger points out it was only last month that the Australian apparel retailer announced plans to generate up to A$20 million in net cost savings by fiscal 2028. Accent also flagged plans to optimize its store portfolio, he adds. Teeger tells clients in a note that it seems harsh for Frasers to pin Accent's challenges on its chairman given he was only appointed in November. Citi has a neutral rating on the stock and raises its target price 14% to 65 Australian cents, in line with Frasers' offer. Shares are up 15% at 74.5 Australian cents. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 15, 2026 00:31 ET (04:31 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}