2357 GMT - GrainCorp keeps Morgans analyst Belinda Moore interested despite a disappointing guidance downgrade. While the Australian grain handler has maintained its volume outlook, Moore points out in a note to clients that margins have weakened on global dynamics. However, she maintains an accumulate rating on the stock even with material downgrades to her forecasts. She calls attention to GrainCorp's strong balance sheet and a fixed-cost leverage that should return when global grain stocks eventually tighten once again. Its material assets are worth a lot more than implied by the share price, she adds. Morgans cuts its target price 25% to A$6.76. Shares are down 2.0% at A$6.065. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 02, 2026 18:57 ET (23:57 GMT)

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