** Analysts at Citi see upside for Australia's Treasury Wine Estates TWE.AX as the brokerage notes expanding distribution and strong consumer demand despite seasonal Chinese New Year effects
** Citi says TWE's China business appears on track based on March 2025 quarter export data
** Says March export volumes to China surged 34% above January/February combined despite typical Chinese New Year seasonal effects, indicating strong underlying growth
** Says near-term upside potential hinges on premium winemaker DAOU's enhanced synergies and FX benefits offsetting Treasury Americas' slowing sales.
** 12 of 15 analysts rate the stock "buy" or higher, and 3 rate it "hold"; their median PT is A$13.43 – LSEG data
** Stock down 21.4% this year, as of last close
(Reporting by Roushni Nair in Bengaluru)
((Roushni.nair@thomsonreuters.com;))
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