BUZZ-Australia's GrainCorp falls after Jefferies cuts annual profit outlook, PT

Reuters

Feb 04

BUZZ-Australia's GrainCorp falls after Jefferies cuts annual profit outlook, PT

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;))

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their mean PT is A$7.75, according to LSEG-compiled data</p><p>** Stock down 17.3% YTD, as of last close</p><p>($1 = 1.4267 Australian dollars)</p><p> (Reporting by Kumar Tanishk in Bengaluru)</p><p> ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7505","symbol_name":"食品股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260204:nL6N3YZ1JY:1","article_id":"2608384298","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608384298","pubTimestamp":1770165268,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's GrainCorp falls after Jefferies cuts annual profit outlook, PTUpdates** Shares of Graincorp GNC.AX slip as much as 2.35% to A$5.830, set for a fifth consecutive session of losses, if ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7505":"食品股","BK7028":"食品分销商","GNC.AU":"GRAINCORP LTD-A"},"translate_title":"Buzz-Jefferies下调年度利润预期后，澳大利亚GrainCorp股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GNC.AU":0.9},"content_text":"BUZZ-Australia's GrainCorp falls after Jefferies cuts annual profit outlook, PTUpdates** 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;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}