Orica is our preference in Australian chemicals sector - RBC

Dyno Nobel

30/11/2023 24:41

** Analysts at RBC Capital Markets prefer Orica  ORI.AX  in
the Australian chemical sector on deeper confidence in the
firm's operating and earnings outlook
    ** Brokerage says ORI peer Incitec Pivot's  IPL.AX 
investment case is based on its strucural separation
    ** Says Nufarm  NUF.AX  is well-positioned to deploy its
growing platform crop protection and seed technologies
    ** Gives Orica PT of A$20 and IPL of A$3.20
    ** ORI shares down 0.2%, while IPL shares up 0.2%
    

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