Harvey Norman Hit by Shares Drop and Jarden Downgrade Amid Land Shortages
Harvey Norman faces multiple pressures as its shares trade at $4.31, down 13% over the past month, and broker Jarden downgraded the stock to a hold rating after FY26 results, setting a $5 12-month target. The retailer is also affected by a structural shortage of suitable large-format retail land, pushing it to reconsider how it acquires land and assembles tenant groups as developers find projects harder to justify.