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Breville Group upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs upgraded Breville Group to Buy from Neutral with a price target of A$24.50, up from A$23.50. The firm says recent channel checks provide higher confidence on resilient U.S. demand, which coupled with recovering Europe and a more resilient consumer in APAC, should enable EPS compound annual growth of 11.5% in FY23-26.

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