BUZZ-Morgan Stanley cuts PT on Australia's ARN Media on lower H2 rev outlook; stock falls

Reuters

09/03

BUZZ-<a href="https://laohu8.com/S/MTK">Morgan Stanley</a> cuts PT on Australia's ARN Media on lower H2 rev outlook; stock falls

** ARN Media A1N.AX falls 4% to A$0.485

** Morgan Stanley cuts PT to A$0.40 from A$0.50 "as a result of the lower earnings outlook"; maintains "underweight"

** Last month, radio broadcasting and outdoor advertising firm said it expected a low- to mid-single-digit decline in H2 revenue growth

** Brokerage says co's Hong Kong billboard business Cody Outdoor's sale process underway; calls investment strategic setback

** Says challenging for co to operate in declining radio industry, exacerbated by competition from Australian radio network operators like Southern Cross Media Group SXL.AX, Nova Entertainment

** YTD, A1N down 34%

($1 = A$1.5389)

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.SinghChundawat@thomsonreuters.com;))

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stock falls</title></head><body><p>** ARN Media <span>A1N.AX</span> falls 4% to A$0.485</p><p>** <a href=\"https://laohu8.com/S/MSPQL\">Morgan Stanley</a> cuts PT to A$0.40 from A$0.50 \"as a result of the lower earnings outlook\"; maintains \"underweight\"</p><p>** Last month, radio broadcasting and outdoor advertising firm said it expected a low- to mid-single-digit decline in H2 revenue growth</p><p>** Brokerage says co's Hong Kong billboard business Cody Outdoor's sale process underway; calls investment strategic setback</p><p>** Says challenging for co to operate in declining radio industry, exacerbated by competition from Australian radio network operators like <a href=\"https://laohu8.com/S/SXL.AU\">Southern Cross Media</a> Group <span>SXL.AX</span>, Nova Entertainment</p><p>** YTD, A1N down 34%</p><p>($1 = A$1.5389)</p><p> (Reporting by Keshav Singh Chundawat in Bengaluru)</p><p> ((Keshav.SinghChundawat@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"A1N.AU","symbol_name":"ARN MEDIA FPO","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250903:nL4N3UQ04Y:1","article_id":"2564935904","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564935904","pubTimestamp":1756875442,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Morgan Stanley cuts PT on Australia's ARN Media on lower H2 rev outlook; 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