0404 GMT - Treasury Wine Estates' bulls at Jarden would like to see the Australian producer take action to help shift investors' focus onto the opportunities for its luxury brands. They tell clients in a note that the stock is fundamentally undervalued and that decisive action on the company's lower-priced products would act as a catalyst to change that. Treasury Wine has already failed to find a buyer for the brands. However, the Jarden analysts point out that these brands account for just 6% of earnings and that Treasury Wine is positioned to outperform peers in the U.S. and is leveraged to China's improving consumer backdrop. Jarden maintains a buy rating and a target price of A$13.90 on the stock, which is down 0.9% at A$8.225. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 16, 2025 00:04 ET (04:04 GMT)
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