Treasury Wine Loses a Bull After CEO Departure -- Market Talk

Dow Jones

May 22

2245 GMT [Dow Jones]--Given headwinds in both China and the U.S., Barrenjoey research analysts are unconvinced that Aussie-based vintner Treasury Wine can hit its earnings guidance after the departure of its CEO last week. A weak economic situation in China, combined with U.S. tariffs and austerity measures, likely means that growth in Treasury's key high-end wine brand Penfolds will slow in FY 2026. They also say the company's Americas business continues to underperform in a weak wine market. They downgrade to neutral from overweight and cut their target share price to A$9.50 from A$12.00. "Put simply we think the existing earnings guidance is unrealistic given the considerable external pressures on the business," the Barrenjoey analysts tell clients in a note. (mike.cherney@wsj.com)

(END) Dow Jones Newswires

May 21, 2025 18:49 ET (22:49 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2537537957"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2537537957\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2537537957?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-22 06:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2537537957","market":"hk","top_or_hot":-1,"title":"Treasury Wine Loses a Bull After CEO Departure -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2245 GMT [Dow Jones]--Given headwinds in both China and the U.S., Barrenjoey research analysts are unconvinced that Aussie-based vintner Treasury Wine can hit its earnings guidance after the departure of its CEO last week. A weak economic situation in China, combined with U.S. tariffs and austerity measures, likely means that growth in Treasury's key high-end wine brand Penfolds will slow in FY 2026. They also say the company's Americas business continues to underperform in a weak wine market. They downgrade to neutral from overweight and cut their target share price to A$9.50 from A$12.00. \"Put simply we think the existing earnings guidance is unrealistic given the considerable external pressures on the business,\" the Barrenjoey analysts tell clients in a note. (mike.cherney@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 21, 2025 18:49 ET (22:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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>Treasury Wine Loses a Bull After CEO Departure -- Market Talk</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nTreasury Wine Loses a Bull After CEO Departure -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\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\">2025-05-22 06:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2245 GMT [Dow Jones]--Given headwinds in both China and the U.S., Barrenjoey research analysts are unconvinced that Aussie-based vintner Treasury Wine can hit its earnings guidance after the departure of its CEO last week. A weak economic situation in China, combined with U.S. tariffs and austerity measures, likely means that growth in Treasury's key high-end wine brand Penfolds will slow in FY 2026. They also say the company's Americas business continues to underperform in a weak wine market. They downgrade to neutral from overweight and cut their target share price to A$9.50 from A$12.00. \"Put simply we think the existing earnings guidance is unrealistic given the considerable external pressures on the business,\" the Barrenjoey analysts tell clients in a note. (mike.cherney@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 21, 2025 18:49 ET (22:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TWE.AU","symbol_name":"TREASURY WINE ESTATES LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537537957","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537537957","pubTimestamp":1747867740,"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":"2245 GMT [Dow Jones]--Given headwinds in both China and the U.S., Barrenjoey research analysts are unconvinced that Aussie-based vintner Treasury Wine can hit its earnings guidance after the departure of its CEO last week. A weak economic situation in China, combined with U.S. tariffs and austerity measures, likely means that growth in Treasury's key high-end wine brand Penfolds will slow in FY 2026. They also say the company's Americas business continues to underperform in a weak wine market. They downgrade to neutral from overweight and cut their target share price to A$9.50 from A$12.00. \"Put simply we think the existing earnings guidance is unrealistic given the considerable external pressures on the business,\" the Barrenjoey analysts tell clients in a note. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TWE.AU":"TREASURY WINE ESTATES LTD","BK7097":"酿酒商与葡萄酒商","BK7505":"食品股"},"translate_title":"首席执行官离职后，Treasury Wine失去了牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TWE.AU":0.9,"US7Y.BOND":1,"US5Y.BOND":1,"US2Y.BOND":1,"US12M.BOND":1,"US10Y.BOND":1,"US6M.BOND":1,"US3Y.BOND":1,"US30Y.BOND":1},"content_text":"2245 GMT [Dow Jones]--Given headwinds in both China and the U.S., Barrenjoey research analysts are unconvinced that Aussie-based vintner Treasury Wine can hit its earnings guidance after the departure of its CEO last week. A weak economic situation in China, combined with U.S. tariffs and austerity measures, likely means that growth in Treasury's key high-end wine brand Penfolds will slow in FY 2026. They also say the company's Americas business continues to underperform in a weak wine market. They downgrade to neutral from overweight and cut their target share price to A$9.50 from A$12.00. \"Put simply we think the existing earnings guidance is unrealistic given the considerable external pressures on the business,\" the Barrenjoey analysts tell clients in a note. (mike.cherney@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 21, 2025 18:49 ET (22:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}