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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.

Kate McVicar Thu, 16 Nov 2023

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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Kate McVicar Thu, 16 Nov 2023
Contact the Writer: kate@nbr.co.nz
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Forbar lowers Warehouse target price by 11%
Investment,
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