For Eagers Automotive, Positives Outweigh Concerns -- Market Talk

Dow Jones05-11

0109 GMT - Morgan Stanley sticks with an overweight call on Eagers Automotive after incorporating the acquisition of CanadaOne into forecasts for the car dealership. It feels positives outweigh concerns right now. Eagers is benefiting from strong momentum behind the BYD brand, with the strongest months historically for trading still to come. Analyst Chenny Wang is also upbeat about easyauto123's performance and prospects for CanadaOne. On the latter, MS says it doesn't have specific insight "but feel any reiteration of strategy brings to the fore capital deployment optionality in an attractive industry structure, especially against any softer backdrops." Among its concerns are subdued new vehicle sales in Australia and the impact of higher interest rates. Its price target falls 6.3% to A$30.00/share. Eagers is down 0.2% at A$23.74. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 10, 2026 21:09 ET (01:09 GMT)

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Analyst Chenny Wang is also upbeat about easyauto123's performance and prospects for CanadaOne. On the latter, MS says it doesn't have specific insight \"but feel any reiteration of strategy brings to the fore capital deployment optionality in an attractive industry structure, especially against any softer backdrops.\" Among its concerns are subdued new vehicle sales in Australia and the impact of higher interest rates. Its price target falls 6.3% to A$30.00/share. Eagers is down 0.2% at A$23.74. 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It feels positives outweigh concerns right now. Eagers is benefiting from strong momentum behind the <a href=\"https://laohu8.com/S/BYDDY\">BYD</a> brand, with the strongest months historically for trading still to come. Analyst Chenny Wang is also upbeat about easyauto123's performance and prospects for CanadaOne. On the latter, MS says it doesn't have specific insight \"but feel any reiteration of strategy brings to the fore capital deployment optionality in an attractive industry structure, especially against any softer backdrops.\" Among its concerns are subdued new vehicle sales in Australia and the impact of higher interest rates. Its price target falls 6.3% to A$30.00/share. Eagers is down 0.2% at A$23.74. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 10, 2026 21:09 ET (01:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1363072403.SGD","symbol_name":"Fidelity Global Financial Services A-ACC-SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2634205144","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634205144","pubTimestamp":1778461740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0109 GMT - Morgan Stanley sticks with an overweight call on Eagers Automotive after incorporating the acquisition of CanadaOne into forecasts for the car dealership. 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It feels positives outweigh concerns right now. Eagers is benefiting from strong momentum behind the BYD brand, with the strongest months historically for trading still to come. Analyst Chenny Wang is also upbeat about easyauto123's performance and prospects for CanadaOne. On the latter, MS says it doesn't have specific insight \"but feel any reiteration of strategy brings to the fore capital deployment optionality in an attractive industry structure, especially against any softer backdrops.\" Among its concerns are subdued new vehicle sales in Australia and the impact of higher interest rates. Its price target falls 6.3% to A$30.00/share. Eagers is down 0.2% at A$23.74. 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