0546 GMT - Wilsons analysts' enthusiasm for Select Harvests' ongoing business improvement initiatives is countered by the prospect of higher water costs and moderating momentum in spot almond prices. They tell clients in a note that the almond farmer's first-half EBIT was well ahead of their expectations, although this is largely attributable to accounting standards. They see water costs rising and worry a little over the moderating momentum in spot nut prices over recent weeks, prompting them to slightly trim their EPS forecasts. They raise their target price by 2% to A$4.83 after rolling forward their valuation, and keep a market-weight rating on the stock, which is down 3% at A$4.52. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 02, 2025 01:46 ET (05:46 GMT)
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