Updates

** Shares of Graincorp GNC.AX slip as much as 2.35% to A$5.830, set for a fifth consecutive session of losses, if current trend holds

** Jefferies cuts earnings forecast and price target of GNC after the agribusiness warns of a steep profit drop, hurt by depressed commodity prices

** Brokerage cuts FY26 EBITDA forecast to A$225 million ($157.70 million) from A$289 million, placing the new estimate near the midpoint of the co's revised A$200 - 240 million guidance

** However, Jefferies says that GNC's balance sheet remains solid and it remains confident in co to maintain a "Buy" rating while trimming the price target to A$7.80 from A$9

** Six of eight analysts rate the stock a "Buy" or higher, with the remainder at "Hold"; their mean PT is A$7.75, according to LSEG-compiled data

** Stock down 17.3% YTD, as of last close

($1 = 1.4267 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))