Worley Selloff Gone Too Far, Says Bull

Dow Jones
06/26

0320 GMT - The selloff in Worley shares seems excessive, Citi says. "Overall, we think the fundamentals remain intact," says analyst Tom Wallington. His remarks follow an earnings downgrade from the engineering giant related to Middle East project delays and a stronger Australian dollar. A reopened 2015 class action adds uncertainty but exposure is largely contained by insurance, Wallington says. Citi reiterates a buy rating on Worley and lowers its target to A$12.50 from A$13.60. Shares are down 4.3% at A$10.60, adding to Thursday's 9.7% loss. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

June 25, 2026 23:20 ET (03:20 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10