Morningstar says Australia's GrainCorp undervalued, sees recovery in margins
10/09/2026 23:20
BUZZ-Morningstar says Australia's GrainCorp undervalued, sees recovery in margins ** Morningstar says GrainCorp GNC.AX is undervalued compared to its fair value estimate of A$7.90; stock's last close was A$6.66
** Investment research firm says investors are placing "too much emphasis" on near-term earnings fluctuations inherent in its cyclical business
** Expects GNC's margins to recover as global supply balances
** GNC's exposure to factors outside its control, like global grain pricing, harvests and weather, underpins no-moat rating — Morningstar
** Five of nine analysts rate the stock "buy" or higher, four "hold"; median price target is A$6.88, as per data compiled by LSEG
** Down 7% YTD, as of last close
(Reporting by Anjali Singh in Bengaluru)
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