ForBarr cuts 22% off KMD Brands target price due to Trump tariffs

KMD’s Rip Curl brand manufactures in tariff-hit Asian countries. (Image: Getty)

Wed, 09 Apr 2025

“Unmitigated tariff impacts” will be material to KMD Brands’ earnings, analysts say. In a note released on Wednesday, Forsyth Barr analysts Paul Koraua and Rohan Koreman-Smit reduced their KMD Brands target price by 21.6% because of the expected impact of tariffs on the retailer’s United States sales.While they retained their outperform rating, their target price was lowered by 13 cents to 47 cents.KMD Brands' share price has fallen 12% to 33 cents since April 2, when United States President Donald Trump announ...

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