BRG – UBS rates the stock as Buy

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Given ongoing solid momentum in the US business UBS has lifted earnings forecasts for Breville. The changes don’t impact on price target.

There is no change to the broker’s view the stock remains a key pick given the growth potential, so a Buy rating is retained.
Sector: Retailing.

Target price is $3.65.Current Price is $2.95. Difference: $0.70 – (brackets indicate current price is over target). If BRG meets the UBS target it will return approximately 19% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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