Wesfarmers' Kmart Plans Don't Move the Dial by Much -- Market Talk

Dow Jones

Jun 11

0057 GMT - Wesfarmers' plans to expand its Kmart furniture sales do little to move the dial on the stock for UBS analysts. Maintaining a neutral rating, they tell clients in a note that strong earnings growth outlook for Wesfarmers' Kmart and Bunnings chains is already reflected in the retail and industrial conglomerate's valuation multiples. They acknowledge that the discount department store Kmart's total addressable market and market share have expanded, with growth drivers including new home-and-living stores, but see risk-reward as balanced at current levels. UBS lifts the stock's target price by 3.7% to 84.00 Australian dollars. Shares are down 0.2% at A$83.24. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 10, 2026 20:57 ET (00:57 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2642776304"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2642776304\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2642776304?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-11 08:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2642776304","market":"sh","top_or_hot":-1,"title":"Wesfarmers' Kmart Plans Don't Move the Dial by Much -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0057 GMT - Wesfarmers' plans to expand its Kmart furniture sales do little to move the dial on the stock for UBS analysts. Maintaining a neutral rating, they tell clients in a note that strong earnings growth outlook for Wesfarmers' Kmart and Bunnings chains is already reflected in the retail and industrial conglomerate's valuation multiples. They acknowledge that the discount department store Kmart's total addressable market and market share have expanded, with growth drivers including new home-and-living stores, but see risk-reward as balanced at current levels. UBS lifts the stock's target price by 3.7% to 84.00 Australian dollars. Shares are down 0.2% at A$83.24. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 10, 2026 20:57 ET (00:57 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wesfarmers' Kmart Plans Don't Move the Dial by Much -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWesfarmers' Kmart Plans Don't Move the Dial by Much -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-11 08:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0057 GMT - Wesfarmers' plans to expand its Kmart furniture sales do little to move the dial on the stock for UBS analysts. Maintaining a neutral rating, they tell clients in a note that strong earnings growth outlook for Wesfarmers' Kmart and Bunnings chains is already reflected in the retail and industrial conglomerate's valuation multiples. They acknowledge that the discount department store Kmart's total addressable market and market share have expanded, with growth drivers including new home-and-living stores, but see risk-reward as balanced at current levels. UBS lifts the stock's target price by 3.7% to 84.00 Australian dollars. Shares are down 0.2% at A$83.24. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 10, 2026 20:57 ET (00:57 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":"WFAFY","symbol_name":"Wesfarmers Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642776304","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642776304","pubTimestamp":1781139420,"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":"0057 GMT - Wesfarmers' plans to expand its Kmart furniture sales do little to move the dial on the stock for UBS analysts. Maintaining a neutral rating, they tell clients in a note that strong earnings growth outlook for Wesfarmers' Kmart and Bunnings chains is already reflected in the retail and industrial conglomerate's valuation multiples. They acknowledge that the discount department store Kmart's total addressable market and market share have expanded, with growth drivers including new home-and-living stores, but see risk-reward as balanced at current levels. UBS lifts the stock's target price by 3.7% to 84.00 Australian dollars. Shares are down 0.2% at A$83.24. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WFAFY":"Wesfarmers Ltd.","BK7153":"综合零售","BK7041":"综合货品商店","WES.AU":"WESFARMERS LTD","BK4114":"综合货品商店","BK4220":"综合零售","BK7511":"ESG概念"},"translate_title":"市场传言，西农集团的凯马特计划不会有太大影响","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WFAFY":0.9,"WES.AU":0.9},"content_text":"0057 GMT - Wesfarmers' plans to expand its Kmart furniture sales do little to move the dial on the stock for UBS analysts. Maintaining a neutral rating, they tell clients in a note that strong earnings growth outlook for Wesfarmers' Kmart and Bunnings chains is already reflected in the retail and industrial conglomerate's valuation multiples. They acknowledge that the discount department store Kmart's total addressable market and market share have expanded, with growth drivers including new home-and-living stores, but see risk-reward as balanced at current levels. UBS lifts the stock's target price by 3.7% to 84.00 Australian dollars. Shares are down 0.2% at A$83.24. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 10, 2026 20:57 ET (00:57 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}