Ord Minnett ups PT on Australia's Big River on resilient outlook

Big River Industries

25/08/2023 24:07

** Analysts at Ord Minnett raise price target on Australia's
Big River Industries  BRI.AX  to A$2.79 from A$2.77
    ** Says resilience of company's outlook was a positive
surprise as compared to expectations
    ** Brokerage continues to believe co will be able to deliver
more resilient results in the short-term relative to
expectations
    ** Adds co remaining well-placed to take advantage of the
strengthening medium-to-longer term outlook; maintains 'buy'
    ** Stock has risen 15% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))