Australia's Nufarm gains as Morningstar remains upbeat on half-year earnings
29/05/2026 06:27
BUZZ-Australia's Nufarm gains as Morningstar remains upbeat on half-year earnings ** Shares of Nufarm NUF.AX rise as much as 3.5% to A$3, hitting their highest since May 21
** Stock on track for five straight sessions of gains
** Morningstar notes agribusiness firm's strong first-half improvement
** Says Morningstar also sees great potential in its Seed Technologies business for substantial growth from a low base and re-prioritised strategy
** Adds investment research firm's fair value estimate of A$3.5 stands
** Stock on track to rise 23.6% for the week, its strongest weekly move since early February 2022
** Nufarm up 27.2% YTD, including the day's moves
(Reporting by Nikita Maria Jino in Bengaluru)
Recent news on Morningstar
See all newsAustralia's Magellan Financial hits 1-1/2-year low; Morningstar cuts fair value estimate on weaker outlook
Street View: Philip Morris to weather cost hit as smoke-free revenue growth in focus
Pressure on lower-income US households raises delinquency risks, Morningstar DBRS says
UK gilt investors expect budget to pass without market drama, Morningstar says
UK gilt investors expect budget to pass without market drama, Morningstar says