TPW – UBS rates the stock as Neutral

UBS believes it is too early to turn positive on the online retail sector as unit economics are generally worse now than before the pandemic and there is a tough macro outlook for discretionary expenditure. Moreover, supply chains remain challenging.

The broker envisages downside risk to medium-term earnings expectations for Temple & Webster and downgrades to Neutral from Buy. Target is reduced to $4.25 from $8.20.

Sector: Retailing.


Target price is $4.25.Current Price is $3.47. Difference: $0.78 – (brackets indicate current price is over target). If TPW meets the UBS target it will return approximately 18% (excluding dividends, fees and charges – negative figures indicate an expected loss).



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