Australia's ARB Corp rises, Jefferies sees upbeat outlook

Shares of ARB Corp ARB.AX rise as much as 2.8% to A$35.450, their highest level since July 24

Jefferies says U.S. ARB's outdoor capital equipment and parts segments have faced challenges from COVID-19 and a sharp rate-up cycle, with sales growth in both sectors mirroring these challenges

After two years of negative growth, brokerage expects the U.S. Outdoor Parts sector sales to improve as the rate-cut cycle evolves

In FY24, North and South America were the biggest regions contributing to ARB's export sales

Stock last up 1.8%, down 13.5%