Australia's Jupiter Mines falls on Trump tariff; Macquarie hikes PT on raised outlook
03/02/2025 03:29
** Jupiter Mines JMS.AX falls 3.2% to A$0.15; set for
biggest pct decline since Jan. 28
** Manganese miner tracks subdued sentiment in Australian
markets, as U.S. imposes tariffs on top trading partner China,
rattling investors and dragging broad index .AXJO 1.8% lower
** Macquarie hikes PT to A$0.22 from A0.21 to reflect its
upgraded FY25 outlook, given JMS's Q2 earnings beat analysts'
forecasts
** Stock fell 12.1% in 2024
(Reporting by Nichiket Sunil)
((Nichiket.Sunil@thomsonreuters.com;))
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