Michael Hill’s move to focus on core business is welcome, sensible: analyst

Mon, 25 Jun 2018

By Margreet Dietz June 26 (BusinessDesk) - Michael Hill International’s plans to close the remaining six stores of its Emma & Roe chain, allowing the jewellery maker and retailer to focus on its core namesake business, are “welcome” and “sensible,” First NZ Capital research analyst Andrew Steele said in a note. Steele will retain an 'outperform' rating on the stock and a target price of $1.45, he said in a note on Monday. Brisbane-based Michael Hill announced the Emma & Roe exit last week. The move, a change in direction from previou...

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