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JB Hi-Fi downgraded to sell by UBS as it forecasts low single-digit revenue growth

Pelican Press

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JB Hi-Fi downgraded to sell by UBS as it forecasts low single-digit revenue growth

JB Hi-Fi has been downgraded by UBS as analysts forecast low single-digit revenue growth and limited expansion opportunities in the near-term for the retail heavyweight.

In a note to investors on Monday, UBS downgraded the stock from neutral to sell because the risk to reward was now less attractive post-share price performance that analyst Shaun Cousins said was “arguably due to optimism regarding revenue growth acceleration in computer and telco products due to artificial intelligence capability”.



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#HiFi #downgraded #sell #UBS #forecasts #singledigit #revenue #growth

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