Orica Bull Expects Earnings Tailwinds to Continue -- Market Talk

Dow Jones
Yesterday

0210 GMT - Explosives and chemicals maker Orica is likely to maintain its Ebit growth momentum, Bell Potter analyst Joseph House says. Earnings growth is underpinned by cyclical tailwinds in mining and exploration markets, House says. The broker raises its target price on Orica to A$28.50 a share from A$26.00 a share. It reiterates a buy rating. "Ebit growth is expected to be supported by further premium product uptake, robust facility performance across AN (ammonium nitrate) and sodium cyanide supply networks, and commercial discipline," says House. He expects the company to prioritize an extension of its share buyback in the absence of any major dealmaking. Orica is up 0.3% at A$26.11. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

February 09, 2026 21:10 ET (02:10 GMT)

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