GrainCorp Loses Bull Amid Low-Margin Outlook -- Market Talk

Dow Jones

Feb 03

23:27 GMT [Dow Jones]--GrainCorp loses its bull at Macquarie on the grain handler's latest earnings downgrade. Cutting their recommendation to neutral from outperform, an analyst at the investment bank writes in a note that they see the low-margin environment in which the Australian company is operating persisting for at least the next 12 months. With the U.S. wheat market expected to remain in surplus, the analyst can't see any catalyst for a meaningful near-term lift in grain prices that would improve GrainCorp's export margins. Macquarie cuts its fiscal 2026 EPS forecast by 65%, driving a 20% cut in target price to A$6.60. Shares are down 2.4% at A$6.04. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 02, 2026 18:32 ET (23:32 GMT)

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Cutting their recommendation to neutral from outperform, an analyst at the investment bank writes in a note that they see the low-margin environment in which the Australian company is operating persisting for at least the next 12 months. With the U.S. wheat market expected to remain in surplus, the analyst can't see any catalyst for a meaningful near-term lift in grain prices that would improve GrainCorp's export margins. Macquarie cuts its fiscal 2026 EPS forecast by 65%, driving a 20% cut in target price to A$6.60. Shares are down 2.4% at A$6.04. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2026 18:32 ET (23:32 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>GrainCorp Loses Bull Amid Low-Margin Outlook -- 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\">\nGrainCorp Loses Bull Amid Low-Margin Outlook -- 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\">2026-02-03 07:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  23:27 GMT [Dow Jones]--GrainCorp loses its bull at <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> on the grain handler's latest earnings downgrade. Cutting their recommendation to neutral from outperform, an analyst at the investment bank writes in a note that they see the low-margin environment in which the Australian company is operating persisting for at least the next 12 months. With the U.S. wheat market expected to remain in surplus, the analyst can't see any catalyst for a meaningful near-term lift in grain prices that would improve GrainCorp's export margins. Macquarie cuts its fiscal 2026 EPS forecast by 65%, driving a 20% cut in target price to A$6.60. Shares are down 2.4% at A$6.04. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2026 18:32 ET (23:32 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"BK7028","symbol_name":"食品分销商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608816474","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608816474","pubTimestamp":1770075120,"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":"23:27 GMT [Dow Jones]--GrainCorp loses its bull at Macquarie on the grain handler's latest earnings downgrade. Cutting their recommendation to neutral from outperform, an analyst at the investment bank writes in a note that they see the low-margin environment in which the Australian company is operating persisting for at least the next 12 months. With the U.S. wheat market expected to remain in surplus, the analyst can't see any catalyst for a meaningful near-term lift in grain prices that would improve GrainCorp's export margins. Macquarie cuts its fiscal 2026 EPS forecast by 65%, driving a 20% cut in target price to A$6.60. Shares are down 2.4% at A$6.04. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7028":"食品分销商","BK7505":"食品股","GNC.AU":"GRAINCORP LTD-A"},"translate_title":"GrainCorp因低利润前景而失去牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GNC.AU":0.9},"content_text":"23:27 GMT [Dow Jones]--GrainCorp loses its bull at Macquarie on the grain handler's latest earnings downgrade. Cutting their recommendation to neutral from outperform, an analyst at the investment bank writes in a note that they see the low-margin environment in which the Australian company is operating persisting for at least the next 12 months. With the U.S. wheat market expected to remain in surplus, the analyst can't see any catalyst for a meaningful near-term lift in grain prices that would improve GrainCorp's export margins. Macquarie cuts its fiscal 2026 EPS forecast by 65%, driving a 20% cut in target price to A$6.60. Shares are down 2.4% at A$6.04. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 02, 2026 18:32 ET (23:32 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":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}