JP Morgan raises PT on Australia's Accent Group, upgrades earnings estimates
** Analysts at JP Morgan raise price target on Australian footwear retailer Accent Group AX1.AX to A$2.50 per share from A$2.30 per share
** Brokerage upgrades FY26 EBIT estimate by 3% and FY27 EBIT by 4%
** Accent Group said on Wednesday it had been appointed as exclusive distributor for French classic fashion brand Lacoste and lifestyle and streetwear brand Dickies in the Australia and New Zealand region
** Co said it was adding two more global brands to its current distributed brand relationships
** Management is taking solid steps to optimise retail and wholesale footprint, and highlights strong market position that AX1 has in footwear retail market - JP Morgan
** All 11 analysts covering the stock rate it "buy" or higher; their median PT is A$2.40 – LSEG data
** Stock had risen 16% this year, as of last close
Reporting by Roshan Thomas in Bengaluru
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