Macquarie lifts its PT for Australia's Orica on stronger outlook

ORICA

09/03/2025 22:36

** Macquarie hikes its Price Target (PT) for shares of Orica ORI.AX to A$20.91 from A$20.78, 'Outperform' on stock

** Brokerage accounts for its 3% FY25 earnings outlook lift for the mining solutions provider, reflecting its stronger Blasting business

** Also sees potential buy back announcement on March 12

** 11 of 13 analysts rate the stock "buy" or higher, 2 "hold"; their median PT is A$20.90 – according to data compiled by LSEG

** Stock up 0.5% at A$17.03 as of last close

($1 = 1.5876 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru; Editing by Sandra Maler)

 ((Nichiket.Sunil@thomsonreuters.com;))