Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
Michael Hill International Limited (ASX: MHJ) has received an upgrade from Craigs Investment Partners, moving from neutral to overweight, despite challenges facing the jewellery sector. The upgrade follows a trading update shared at the company’s Annual General Meeting, highlighting performance in the first 14 weeks of FY2024. Michael Hill's shares rose 3.6%, closing at 57 cents at the time of writing, although they remain 37% lower than last year. Craigs' analyst Kieran Carling expressed confidence in the company’s resilience despite industry headwinds, signaling optimism for the brand’s future growth potential.
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