Prolonged strike at Australia's Inghams will hit supply chain - brokerage

Inghams

20/09/2023 05:10

** Analysts at E&P Capital expect a prolonged industrial
action at Australia's biggest poultry producer Inghams Group Ltd
 ING.AX  to disrupt its supply chain
    ** Workers at Inghams will hold a 24-hour strike on Friday
after pay discussions since the start of the year failed to
reach an agreement, the United Workers Union said
    ** We expect some compromise to be reached - brokerage 
    ** ING shares are up as much as 2.1%, tracking biggest gains
in 4 weeks
    ** 7 of 10 analysts rate the stock "buy" or higher, 2 "hold"
and 1 "sell"; their median PT is A$3.67 – LSEG data
    ** Stock up 17.8% this year, as of last close

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))