Australia's GrainCorp falls as Bell Potter downgrades to 'hold'

Graincorp

15/10/2025 01:06

** Shares of Australia's GrainCorp GNC.AX fall 3.3% to A$8.68, marking their steepest intraday pct loss since mid-May
** Stock hits lowest level since September 16
** Analysts at Bell Potter downgrade stock recommendation to "hold" from "buy"; maintain PT at A$9.10
** Brokerage says the recent rally sees stock trading at a level broadly comparable to its PT
** Bell Potter had upgraded its rating earlier on view that share moves after the June 26 crop report not reflective of improving 2025-26 crop prospects
** GNC shares have gained more than 30% since April; up 20.2% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com))