2256 GMT - GrainCorp's disappointing annual guidance is seen at Bell Potter as likely evidence of how dependent the Australian company's returns are on global grain fundamentals. The grain handler flagged global oversupply and competition while guiding for fiscal 2026 Ebitda of between A$200 million and A$240 million, which was well short of the A$304 million anticipated by Bell Potter analyst Jonathan Snape. Snape tells clients in a note that relatively high Australian grain premiums are making marketing opportunities difficult. Bell Potter cuts its target price 11% to A$6.80 and keeps a hold rating on the stock, which is at A$6.19 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 02, 2026 17:57 ET (22:57 GMT)
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