2241 GMT - Morgan Stanley is bullish about bottle maker Orora despite tariff threats from the White House. "Though a 25% tariff on Mexican goods into the U.S. would be a net negative for Orora, we think this is well and truly in the share price at current levels," analyst Andrew G. Scott says. While the Americas region accounts for 28% of sales at Orora's Saverglass business, much of this volume is manufactured and sold within Mexico, Morgan Stanley says. Tequila is Saverglass's most significant spirits category, accounting for 23% of spirits volumes. Tequila is classified as protected designation of origin, meaning it cannot be sourced from other, tariff-free markets, Morgan Stanley says. "Orora does have the ability to serve U.S. markets from other locations, in particular from the RAK facility in Dubai," the bank adds. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 10, 2025 17:42 ET (22:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。