Morgans increases its target for Universal Store to $6.50 from $5.65 after updating peer company multiples. No changes are made to the analyst's forecasts.

The broker highlights the women's banner Perfect Stranger is performing well, justifying an acceleration in its network expansion.

While the core youth customers of Universal Store remain subdued, they continue to spend, explains the broker. Add.

Sector: Retailing.

Target price is $6.50.Current Price is $5.75. Difference: $0.75 - (brackets indicate current price is over target). If UNI meets the Morgans target it will return approximately 12% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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