BRG 0.38% $26.65 breville group limited

Why does Morningstar hate Breville?

  1. 42 Posts.
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    I keep seeing recommendations telling me that BRG is over fair value.
    I thought I should consider selling some, because it's grown to 20% of my portfolio. (That's partially because BRG has done really well, and partially coz there are a lot of dogs sleeping or dying in there.)

    So I had a look at recommendations on Commsec, and see Goldman Sachs has a $31 target, whereas Morningstar has $18. Morningstar seem to have always called BRG overpriced (whilst increasing their targets!), but to drop from $30 to $18 seems they're prophesying a disaster??
    https://hotcopper.com.au/data/attachments/2533/2533559-1a3376ef343cebdcc521f372173aa23e.jpg
    If I was to look for advice, I think Goldman Sacs has more credibility.
    And since it seems that it's only some Morningstar analyst that has a grudge with Breville, I think I'll just enjoy the ride.

 
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