Forbar lowers Warehouse target price by 11%
The retailer has been stamped with an 'underperform' label following first quarter figures.
Forsyth Barr has reduced its guidance on the iconic NZX-listed retailer.
Investment firm Forsyth Barr has downgraded its guidance on The Warehouse Group and mulled a potential Torpedo7 exit scenario.
Forsyth Barr equity analysts Margaret Bei and Andy Bowley downgraded their rating from neutral to underperform following “disappointing” first quarter guidance issued
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