At a time when bargains are top of the list for shoppers, analysts are watching fashion jewellery business Lovisa closely. MsEmmaK
Lovisa shares are down 2.9 per cent so far this year and declined to $12.89 in June, amid a broad sharemarket sell-off. They are changing hands for about $19.40 this week.
UBS downgraded its rating on the stock to “neutral” this month, noting that a bounce-back in the share price over the past month in the lead-up to its full year financial results makes the risk/reward trade-off less compelling.
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