0017 GMT - Temple & Webster's bulls at Morgan Stanley see the online furniture retailer's disappointing recent sales growth as a chance for investors to acquire quality. The MS analysts acknowledge that the pace of the slowdown in year-to-date sales growth to 18%, from 28% in August, was surprising, but see limited impact on the Australian company's long-term prospects. They point out in a note to clients that buying the dips that followed prior consensus misses would have been a very rewarding strategy, and flag Temple & Webster's balance-sheet strength and continuing position as the clear online market leader. MS cuts its target price by 13% to A$28.00 and stays overweight on the stock, which is up 1.6% at A$14.05. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 26, 2025 19:17 ET (00:17 GMT)
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