Worley Risks Outweigh Rewards Amid Uncertain Outlook

Dow Jones

Jun 26

0410 GMT - The risk of buying shares in ASX-listed engineering giant Worley outweigh the rewards, according to Jefferies. The bank says it sees better opportunities in other industrial stocks. It reiterates a hold rating and lowers its share-price target to 10.61 Australian dollars from A$11.48. Worley cautions of deeper-than-anticipated hit to earnings from Middle East project delays. "Worryingly, these impacts will likely spill into FY27," Jefferies says. "Current valuation discounts the uncertain outlook, but we remain well below VA [Visible Alpha] estimates and see limited near term catalysts for a re-rate." Shares are down 4.2% at A$10.62, adding to Thursday's 9.7% loss. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

June 26, 2026 00:10 ET (04:10 GMT)

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The bank says it sees better opportunities in other industrial stocks. It reiterates a hold rating and lowers its share-price target to 10.61 Australian dollars from A$11.48. Worley cautions of deeper-than-anticipated hit to earnings from Middle East project delays. \"Worryingly, these impacts will likely spill into FY27,\" Jefferies says. \"Current valuation discounts the uncertain outlook, but we remain well below VA [Visible Alpha] estimates and see limited near term catalysts for a re-rate.\" Shares are down 4.2% at A$10.62, adding to Thursday's 9.7% loss. 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The bank says it sees better opportunities in other industrial stocks. It reiterates a hold rating and lowers its share-price target to 10.61 Australian dollars from A$11.48. Worley cautions of deeper-than-anticipated hit to earnings from Middle East project delays. \"Worryingly, these impacts will likely spill into FY27,\" Jefferies says. \"Current valuation discounts the uncertain outlook, but we remain well below VA [Visible Alpha] estimates and see limited near term catalysts for a re-rate.\" Shares are down 4.2% at A$10.62, adding to Thursday's 9.7% loss. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 26, 2026 00:10 ET (04:10 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":"BK7108","symbol_name":"石油天然气设备与服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2646335492","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2646335492","pubTimestamp":1782447000,"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":"0410 GMT - The risk of buying shares in ASX-listed engineering giant Worley outweigh the rewards, according to Jefferies. The bank says it sees better opportunities in other industrial stocks. It reiterates a hold rating and lowers its share-price target to 10.61 Australian dollars from A$11.48. Worley cautions of deeper-than-anticipated hit to earnings from Middle East project delays. \"Worryingly, these impacts will likely spill into FY27,\" Jefferies says. \"Current valuation discounts the uncertain outlook, but we remain well below VA [Visible Alpha] estimates and see limited near term catalysts for a re-rate.\" Shares are down 4.2% at A$10.62, adding to Thursday's 9.7% loss.  Dow Jones NewswiresJune 26, 2026 00:10 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7108":"石油天然气设备与服务","BK7055":"建筑与工程","WOR.AU":"WORLEY LTD"},"translate_title":"在前景不确定的情况下，沃利风险大于回报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WOR.AU":0.9},"content_text":"0410 GMT - The risk of buying shares in ASX-listed engineering giant Worley outweigh the rewards, according to Jefferies. The bank says it sees better opportunities in other industrial stocks. It reiterates a hold rating and lowers its share-price target to 10.61 Australian dollars from A$11.48. Worley cautions of deeper-than-anticipated hit to earnings from Middle East project delays. \"Worryingly, these impacts will likely spill into FY27,\" Jefferies says. \"Current valuation discounts the uncertain outlook, but we remain well below VA [Visible Alpha] estimates and see limited near term catalysts for a re-rate.\" Shares are down 4.2% at A$10.62, adding to Thursday's 9.7% loss. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 26, 2026 00:10 ET (04:10 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":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}