** Citi cuts target price on Champion Iron CIA.AX to A$7.30 from A$7.50, remains buy-rated
** Brokerage trims FY25 EBITDA estimate by 1% and NPAT by 2% as they adjust realised iron ore price down 1%
** Brokerage revises down FY26 and FY27 EBITDA estimates by 10% and 16%, respectively
** Co on Wednesday reported quarterly production of 3.2 million wmt of iron ore concentrate and sales of 3.5 million dmt
** "While March quarter production of iron ore concentrate was marginally below our expectations, shipments beat expectations" - Analysts at Citi
** CIA rated 'buy' on average; median price target stands at A$6.2 - data compiled by LSEG
** Stock down 20.5% YTD, including moves in current session
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((JasmeenAraIslam.Shaikh@thomsonreuters.com;))
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