Jarden upgrades Michael Hill ahead of Christmas as sales trends improve

Chief marketing officer Jo Feeney (left), Michael Hill and Christine Hill visit the flagship store at Chadstone Mall in Melbourne. (Image: Supplied)

Gregor Thompson

Fri, 25 Oct 2024

Jarden has upgraded Michael Hill International to a "buy" rating ahead of the Christmas trading period.Alongside its annual general meeting (AGM) on Wednesday, the dual-listed jeweller added a trading update for the first 14 weeks of the 2025 financial year.Since the update, Michael Hill shares have risen 9% to $0.60 but remain 35% down on where they were last year. In an analyst’s note, Jarden’s Guy Hooper upgraded Michael Hill from an overweight to a buy rating and raised his target price two cents to $0.80. &l...

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