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)

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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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2026 23:20 ET (03:20 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Worley Selloff Gone Too Far, Says Bull</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorley Selloff Gone Too Far, Says Bull\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-06-26 11:20</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2026 23:20 ET (03:20 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7108","symbol_name":"石油天然氣設備與服務","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2646833314","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2646833314","pubTimestamp":1782444000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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.  Dow Jones NewswiresJune 25, 2026 23:20 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7108":"石油天然气设备与服务","WOR.AU":"WORLEY LTD","BK7055":"建筑与工程"},"translate_title":"公牛表示，沃利的抛售走得太远了","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WOR.AU":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 25, 2026 23:20 ET (03:20 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}