BUZZ-Australia's Eagers Automotive hits 1-month high after Jefferies upgrades to 'buy'

Reuters01-09

BUZZ-Australia's <a href="https://laohu8.com/S/APEAF">Eagers Automotive</a> hits 1-month high after Jefferies upgrades to 'buy'

** Shares of Eagers Automotive APE.AX rise as much as 7.2% to A$27.3, their highest level since December 8, 2025

** On track for best day since early October, 2025

** Jefferies upgrades stock to 'Buy' from 'Hold' citing stock's underperformance by 25% in last two months

** Brokerage sees BYD volumes, others as impactful and 'very positive' despite minor volume declines in Australia and Canada

** Any FY25 loss of revenues in BYD due to deliveries impacted by hail damage will be recovered in FY26, Jefferies says

** Seven of 14 analysts rate the stock "buy" or higher, and seven "hold"; median price target is A$31.30, per data compiled by LSEG

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))

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