2207 GMT - Crop-chemicals supplier Nufarm has a credible pathway to return gearing to a 2.0x range in FY 2026, from 2.7x a year earlier, Macquarie says. Still, achieving this target is key and Macquarie notes there has been slippage in the past. Nufarm suffered a setback when failing to sell its Seed Technologies business following a review. It appears investors couldn't meet Nufarm's value. "Seeds retention takes away potential near-term catalyst regarding value discovery and balance sheet de-gearing but nor was stock factoring this in," says Macquarie. It retains a neutral call on Nufarm and raises its price target by 8.6% to A$2.77/share. Nufarm ended Wednesday at A$2.37. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 19, 2025 17:07 ET (22:07 GMT)
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