Morningstar trims fair value estimate for Australia's IPH Ltd on trade tension concerns

IPH

08/05/2025 21:04

** Analysts at Morningstar lower fair value estimate for Australia's IPH Ltd IPH.AX to A$5.30 per share from A$5.60 per share

 ** The intellectual property services company would face headwinds from prevailing U.S. trade tensions - Morningstar

 ** Brokerage lowers fair value estimate reflecting anticipated softness in new patent filings over medium-term

** Company primarily serves foreign clients filing patents in its jurisdictions, which are secondary markets that are usually considered for filings only after successful patent grants in more developed markets - Morningstar

** All nine analysts covering IPH rate the stock "buy" or higher; their median PT is A$6.49, according to data compiled by LSEG

** Stock down nearly 8% YTD, as of last close

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))