Updates

** Shares of Nufarm NUF.AX fall 8.5% to A$2.57, hitting their lowest level since November 2, 2001

** Jefferies downgrades Nufarm's rating to "underperform" from "hold"; cuts PT to A$1.96 from A$4.40

** Agricultural technology firm posted HY statutory net profit after tax of A$29.8 million ($19.20 million) vs A$49.2 million reported last year

** Brokerage says co reported "soft" first half results, missing consensus EBITDA and EPS by 15% and 18%, respectively

** Poor outcomes around Aquaterra suggest little additional value can be ascribed to this business in near term - Jefferies

** Aquaterra is a land-based source of long-chain omega-3 fatty acids, a fish-nutrition complement

** Citi trims its PT for Nufarm to A$2.60 from A$3.75, retains "sell" rating

** Brokerage reduces its FY25 EBITDA forecasts by 16%, driven by softer contributions from Seed Tech, also expects Omega-3 losses to compound from here on

** Stock falls 27.4% YTD, including current session's moves

($1 = 1.5521 Australian dollars)

(Reporting by Roshan Thomas, Nichiket Sunil and Nikita Maria Jino in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))