Store closures are being extended in Australasia until at least May 11. Premier Investments will not pay rent globally for the duration of the shutdown. Online trading will continue.
Morgan Stanley believes the company has strong liquidity and is well-positioned to manage extended period of closures.
Equal-weight rating, In-Line industry view. Target is $14.
Target price is $14.00.Current Price is $12.80. Difference: $1.20 - (brackets indicate current price is over target). If PMV meets the Morgan Stanley target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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