CTT 1.08% $1.88 cettire limited

News SummaryDJ Cettire Keeps Bull Despite Import Duty Questions...

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    News Summary

    DJ Cettire Keeps Bull Despite Import Duty Questions -- Market Talk



    07 Mar 2024 12:05:31


    0105 GMT - Cettire keeps its bull at E&P Capital despite what analyst Julian Mulcahy characterizes as a quasi short report on the luxury goods retailer. Mulcahy is largely unconcerned by an Australian media report contending that Cettire pockets some import duties paid by customers. He accepts that the practice occurs but tells clients that there is an equal number of situations in which Cettire has to fork out for duty shortfalls on orders. He writes that the net impact on Cettire's business is relatively small. E&P keeps a positive rating and A$6.11 target price on the stock, which is up 0.1% at A$3.995. ([email protected])

    (END) Dow Jones Newswires

    March 06, 2024 20:05 ET (01:05 GMT)

 
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