Harvey Norman Holdings Limited has been downgraded to a Neutral rating by UBS due to a change in market sentiment.

The company operates in various sectors, including integrated retail, franchising, real estate, and digital systems. It has a significant presence in several countries such as New Zealand, Singapore, Malaysia, Slovenia, Ireland, Northern Ireland, and Croatia.

Harvey Norman's main activities involve franchising and retail sales of furniture, bedding, computers, and electrical goods. It also engages in real estate investment, leasing commercial premises to franchisees, and providing consumer credit and commercial loans. The company's segments include Franchising, Retail across multiple regions, Retail Real Estate, and Equity Investments, which demonstrate its wide market reach and product offerings.