Morningstar flags US tariff headwinds for Australia's IPH; stock falls

IPH

09/05/2025 05:05

Updates with share moves, brokerage comments

** IPH IPH.AX falls 1.3%

** Morningstar lowers IPH's fair value estimate to A$5.30/shr from A$5.60/shr

** Says intellectual property services co would face headwinds from prevailing U.S. trade tensions

** Notes trade tensions could prompt clients to prioritise filing patents in primary markets tied to manufacturing or market access, while scaling back on filings in secondary regions served by co

** Cuts fair value estimate, reflecting anticipated softness in new patent filings over medium-term

** Stock rated "buy" on avg; median PT is A$6.49, per data compiled by LSEG

** IPH down 9.2% YTD

 (Reporting by Roshan Thomas and Nikita Maria Jino in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))