0053 GMT - The savage selloff that followed Temple & Webster's sales miss turns its bears at Jefferies into bulls. The online furniture retailer shed a third of its value after year-to-date sales growth decelerated to 18%, from 28% in August. Jefferies analysts John Campbell and William Richardson reckon the stock is more realistically priced, and raise their recommendation to buy from underperform. They tell clients in a note that the company needs to accelerate sales growth to reach its A$1 billion annual target by fiscal 2028, but stress that it remains a quality growth stock. Target price falls 9.4% to A$16.30. Shares are up 2.1% at A$14.125. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 26, 2025 19:53 ET (00:53 GMT)
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