0107 GMT - Nufarm's bear at Citi warns that any light at the end of the tunnel remains dim. Analyst William Park acknowledges that pressure on the agriculture-technology provider comes from factors outside its control, with fish-oil prices subdued and the prospect of planted canola seed having to be sold at a loss. Nufarm is reviewing its seed-technology business but an attempt to find buyers at book value could face push-back, Park writes in a note. Citi cuts its target price by 31% and keeps a sell rating on the stock, which is down 6.05% at A$2.64. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 21:07 ET (01:07 GMT)
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