2238 GMT [Dow Jones]--For investors in drinks-packaging company Orora, risks versus rewards look balanced to Barrenjoey. That's because of ongoing uncertainty about how demand conditions will evolve, analyst Brook Campbell-Crawford says. The bank points to Orora's latest trading update, which revealed a new setback for the Saverglass business. Tariff uncertainty for European producers has led to orders softening in March and April compared to the previous four months. "While pricing is holding on a like-for-like basis, there will be an adverse mix impact in 2H as higher-margin bottles in spirits are underperforming wine/champagne," Barrenjoey says. Its price target falls 4.2% to A$2.30/share. Orora ended Thursday at A$1.93. (david.winning@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 18:43 ET (22:43 GMT)
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