0035 GMT - Australia's Treasury Wine Estates could get a boost if President Trump follows through on threats to impose hefty tariffs on European wine imports into the U.S., Citi analyst Sam Teeger says. He points out in a note to clients that 80% of Treasury's Americas sales are made in the U.S. Teeger reckons that U.S. consumers could switch as a result of higher prices, while European producers could cut their U.S. advertising. He says that European producers may reallocate wine to other markets such as China, where the impact on Treasury could be limited by the strength of its Penfolds brand. Citi keeps a buy rating and A$13.85 target price on the stock, which is up 3.4% at A$10.12. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 16, 2025 20:35 ET (00:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。