Jefferies, Macquarie cut PT for Australia's Audinate

Audinate

12/03/2025 23:22

updates with comments from Macquarie

** Jefferies lowers PT for Audinate AD8.AX to A$9.50 from A$12.00, retains "buy" rating

** Macquarie trims PT for Audinate to A$6.3 from A$8.7, downgrades rating to "underperform"

** Brokerages revise their earnings forecast for the audio technology company, reflecting an uncertain macroeconomic environment

** Macquarie sees no change in order volumes, as softer economic growth, tariff challenges, among other factors, are expected to weigh

** However, Jefferies retains a "buy" rating based on assumptions that the worst of the industry decline is over

** Audinate shares down 3.7% at A$6.810 as of last close, in tandem with benchmark ASX 200 .AXJO index losses

 (Reporting by Nichiket Sunil and Nikita Maria Jino in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))