Jefferies Cuts Temple & Webster PT

Jefferies cut Temple & Webster's price target to A$8.95 from A$14.50, retaining a buy rating.
Revenue forecasts were reduced by 6% for FY2026, 15% for FY2027 and 18% for FY2028.
Temple & Webster projects FY2026 revenue of A$665‑A$675 million, a 12% rise YoY but below the A$714.8 million consensus.
Jefferies cites severe consumer stress and low confidence, saying management will focus on margin levers over the next 12 months.