Morgans keeps buy rating on Universal Store after 17-week sales update
Morgans keeps its buy rating on Universal Store, saying like-for-like sales stay steady over 17 weeks despite a tougher consumer backdrop.
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what happened
Analyst Emily Porter at Morgans says the performance of Australian fashion retailer Universal Store looks robust, even though it operates in a difficult consumer environment. The broker keeps its buy rating and its target price of 10.20 Australian dollars.
According to Market Talk, like-for-like core sales over the 17 weeks remain fairly consistent, although prior-year comparables have become harder. In her note, Porter expects cost growth to ease and a strong pipeline of new stores to support top-line growth.
At the time of reporting, Universal Store shares were down 1.7% at A$7.53.
why it matters
This is a routine analyst note on a single company. It suggests the retailer is holding up in weak consumer conditions but does not change the broader sector picture.
tags
instruments
sources
- Universal Store's Bull Sees Robust Performance — Market Talk, 28 October 2026 at 00:38 UTC
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