ARB Corp. downgraded to Underperform from Hold at Jefferies

Jefferies analyst John Campbell downgraded ARB Corp. to Underperform from Hold with a price target of A$33, up from A$29.50. The company reported “good” first half results, but forecasts are little changed, notes the analyst. Since FY23, Street FY25 EPS estimates have been raised about 1%, but the stock has outperformed by 20%, added the analyst.