Temple & Webster upgraded to Conviction Buy from Buy at Goldman Sachs

Goldman Sachs analyst Sophie Carran added Temple & Webster to the firm’s Conviction List and reiterates a Buy rating on the shares with a A$7.60 price target. The analyst believes the market is too cautious on the company’s medium term revenue growth. Temple is early in its maturity cycle supporting long-term, sustainable growth, the analyst tells investors in a research note.