Australia's Dyno Nobel hits 18-year high, brokerages positive on outlook
BUZZ-Australia's Dyno Nobel hits 18-year high, brokerages positive on outlook ** Shares of Australia's Dyno Nobel DNL.AX rise as much as 5.7% to A$4.08, their highest since October 1, 2008
** Explosives maker forecast FY26 core NPAT of A$325 mln to A$340 million on its investor day on Wednesday
** Co also reiterated FY28 EBIT target of A$600 million, introduced new FY31 ambition of A$800 million
** Analysts at Jarden see lower net finance costs and effective tax rate supporting co's FY26 core NPAT target
** Citi analysts say Dyno presented a constructive outlook supported by firming underlying demand, premium product penetration and opportunities in new markets
** Jarden lifts FY26, FY27 and FY28 core EPS forecasts by 4%, 3% and 4% respectively, upgrades rating from Neutral to Overweight and lifts PT to A$4.10 from A$3.80
** YTD, shares up ~27%
(Reporting by Shruti Agarwal in Bengaluru)
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