Australia's Bapcor set for worst week since July on weak outlook, brokerage downgrades

Reuters
2025.12.12 02:47
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** Shares of Australia's Bapcor set for worst week since July 21, down 21.4%** Stock falls 0.7% to A$1.7675, extending three-session losing run** On December 9, Australian automotive parts retailer lowered its FY26 statutory NPAT guidance to A$31 million ($20.7 mln)-A$36 mln vs earlier projection of A$40 mln-A$50 mln** Brokerages downgrade due to underperformance of co's core trade business; Jefferies cuts PT to A$3.4 from A$2.5, Morningstar trims fair value estimate by 6% to A$4.7** BAP down 62.6% YTD($1 = A$1.4999)