Jefferies cuts Aussie GrainCorp's FY profit outlook, PT

Graincorp

03/02/2026 19:37

** Jefferies cuts earnings forecast and price target on GrainCorp’s GNC.AX after the agribusiness warns of a steep profit drop, hurt by depressed commodity prices

** Brokerage cuts FY26 EBITDA forecast to A$225 million ($157.70 million) from A$289 million, placing the new estimate near the midpoint of the co's revised A$200 - 240 million guidance

   ** However, says that GNC's balance sheet remains solid and it remains confident in co to maintain a 'Buy' rating while trimming the price target to A$7.80 from A$9

** Six of eight analysts rate the stock a "buy" or higher, with the remainder at "hold"; their mean PT is A$7.75 - LSEG data

** Stock down 16.9% YTD as of last close

($1 = 1.4267 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))