Stock Track | Temple & Webster Soars 5.21% Intraday as Jefferies Upgrades to "Buy"

Stock Track11-27

Temple & Webster Group Ltd (TPW.AU) saw its stock price surge by 5.21% during the intraday session on Thursday, outperforming the broader market.

The rally was driven by Jefferies upgrading the stock to "buy" from "underperform," citing a more realistic pricing of the stock. This positive outlook contrasts with other brokerages like Citi, which downgraded the stock to "neutral" due to concerns over customer acquisition costs and profit outlooks. Jefferies' upgrade appears to have outweighed the negative sentiment, fueling the stock's upward movement.

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