Citi trims PT and earnings estimates on Australia's Orica

ORICA

20/10/2024 22:44

** Analysts at Citi trim price target on Australia's Orica
 ORI.AX  to A$19 from A$19.50; maintain "neutral" rating on
stock
    ** Brokerage lowers FY25 EBIT estimates on the explosives
supplier by 10% and cuts by 7% for FY26
    ** Lowers earnings estimates on expectations of both lower
volumes and average selling price
    ** 10 of 13 analysts rate the stock "buy" or higher and
three "hold"; their median PT is A$20.70 – LSEG data
    ** Stock has risen 12.7% this year, as of last close 

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Lisa
Shumaker)
 ((Rishav.Chatterjee@thomsonreuters.com;))