Treasury Wine's New Bear Worries About Americas Outlook -- Market Talk

Dow Jones

02/06

2340 GMT - A roughly 30% fall in Treasury Wine Estates's share price so far this year doesn't dissuade UBS from downgrading the vintner to sell, from neutral. UBS says Treasury Wine is operating against a significantly challenged industry backdrop. Demand for alcohol, especially wine, has fallen. Treasury Wine's skew toward California in its U.S. business is a headwind, partly because tourism has softened there. Also, its gearing is elevated and an overhang in the near term. UBS expects Treasury Wine's net debt-to-Ebitda to rise to 3.0X at the end of June, from 2.5X six months earlier. It doesn't expect the company to pay any dividends from 1H of FY 2026 through the end of FY 2027. UBS cuts its price target by 9.5% to A$4.75/share. Treasury Wine is down 5.1% at A$5.24/share. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 05, 2026 18:40 ET (23:40 GMT)

应版权方要求，你需要登录查看该内容

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2609533255"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2609533255\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2609533255?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-06 07:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2609533255","market":"sh","top_or_hot":-1,"title":"Treasury Wine's New Bear Worries About Americas Outlook -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2340 GMT - A roughly 30% fall in <a href=\"https://laohu8.com/S/TSRYF\">Treasury Wine Estates</a>'s share price so far this year doesn't dissuade UBS from downgrading the vintner to sell, from neutral. UBS says Treasury Wine is operating against a significantly challenged industry backdrop. Demand for alcohol, especially wine, has fallen. Treasury Wine's skew toward California in its U.S. business is a headwind, partly because tourism has softened there. Also, its gearing is elevated and an overhang in the near term. UBS expects Treasury Wine's net debt-to-Ebitda to rise to 3.0X at the end of June, from 2.5X six months earlier. It doesn't expect the company to pay any dividends from 1H of FY 2026 through the end of FY 2027. UBS cuts its price target by 9.5% to A$4.75/share. Treasury Wine is down 5.1% at A$5.24/share. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2026 18:40 ET (23:40 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Treasury Wine's New Bear Worries About Americas Outlook -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTreasury Wine's New Bear Worries About Americas Outlook -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-06 07:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2340 GMT - A roughly 30% fall in <a href=\"https://laohu8.com/S/TSRYF\">Treasury Wine Estates</a>'s share price so far this year doesn't dissuade UBS from downgrading the vintner to sell, from neutral. UBS says Treasury Wine is operating against a significantly challenged industry backdrop. Demand for alcohol, especially wine, has fallen. Treasury Wine's skew toward California in its U.S. business is a headwind, partly because tourism has softened there. Also, its gearing is elevated and an overhang in the near term. UBS expects Treasury Wine's net debt-to-Ebitda to rise to 3.0X at the end of June, from 2.5X six months earlier. It doesn't expect the company to pay any dividends from 1H of FY 2026 through the end of FY 2027. UBS cuts its price target by 9.5% to A$4.75/share. Treasury Wine is down 5.1% at A$5.24/share. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2026 18:40 ET (23:40 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4118","symbol_name":"综合性资本市场","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2609533255","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609533255","pubTimestamp":1770334800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2340 GMT - A roughly 30% fall in Treasury Wine Estates's share price so far this year doesn't dissuade UBS from downgrading the vintner to sell, from neutral. UBS says Treasury Wine is operating against a significantly challenged industry backdrop. Demand for alcohol, especially wine, has fallen. Treasury Wine's skew toward California in its U.S. business is a headwind, partly because tourism has softened there. Also, its gearing is elevated and an overhang in the near term. UBS expects Treasury Wine's net debt-to-Ebitda to rise to 3.0X at the end of June, from 2.5X six months earlier. It doesn't expect the company to pay any dividends from 1H of FY 2026 through the end of FY 2027. UBS cuts its price target by 9.5% to A$4.75/share. Treasury Wine is down 5.1% at A$5.24/share. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4118":"综合性资本市场","UBS":"瑞银","TWE.AU":"TREASURY WINE ESTATES LTD","LU3187612489.SGD":"TEMPLETON EUROPEAN INSIGHTS \"A\" (SGDHDG) ACC","BK7505":"食品股","LU1829250122.USD":"高盛欧洲核心股票组合Acc","BK4588":"碎股","LU1863844665.USD":"TEMPLETON EUROLAND \"A\" (USD) ACC A","BK4585":"ETF&股票定投概念","BK7097":"酿酒商与葡萄酒商","BK4534":"瑞士信贷持仓","LU1863844749.USD":"TEMPLETON EUROLAND \"A\" (USD) INC","IE0034235071.USD":"PINEBRIDGE EUROPE RESEARCH ENHANCED EQUITY \"A\" (USD) ACC"},"translate_title":"Treasury Wine对美洲前景的新看跌担忧——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBS":0.69,"TWE.AU":0.9},"content_text":"2340 GMT - A roughly 30% fall in Treasury Wine Estates's share price so far this year doesn't dissuade UBS from downgrading the vintner to sell, from neutral. UBS says Treasury Wine is operating against a significantly challenged industry backdrop. Demand for alcohol, especially wine, has fallen. Treasury Wine's skew toward California in its U.S. business is a headwind, partly because tourism has softened there. Also, its gearing is elevated and an overhang in the near term. UBS expects Treasury Wine's net debt-to-Ebitda to rise to 3.0X at the end of June, from 2.5X six months earlier. It doesn't expect the company to pay any dividends from 1H of FY 2026 through the end of FY 2027. UBS cuts its price target by 9.5% to A$4.75/share. Treasury Wine is down 5.1% at A$5.24/share. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 05, 2026 18:40 ET (23:40 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}