Street View: Analysts cut outlook, PTs on Australia's Orora on Iran war impact

Orora

09/04/2026 22:38

** Australian packaging company Orora ORA.AX on Thursday trimmed annual earnings forecast for French unit Saverglass and  cancelled its share buyback, citing the impact of the Middle East war

** ORA paused production at Ras al Khaimah (RAK) glass-making facility, which accounts for 15% of Saverglass' production capacity

** ORA ended ~18% lower on Thursday, its weakest session on record

** YTD, ORA down 26.7%

ANALYSTS CUT PT; MORNINGSTAR SAYS SHARES UNDERVALUED

** ORA's FY26 EBIT forecast trimmed - 8% by Citi, 10% each by Jefferies, Morningstar

** Jefferies notes ORA's 18% downgrade to previous Saverglass forecast at midpoint, marks third cut since its acquisition in 2023

** Jefferies expects Saverglass EBIT in FY27 to be 35% lower than pre-acquisition which was 100 million euros ($116.98 million) in FY23

** Morningstar says shares are undervalued and that market is overly pessimistic following a run of negative news from Saverglass since acquisition

** With ~15% of production capacity offline, energy uncertainty and board pausing buyback, Citi introduces High-Risk rating for ORA

** Citi trims PT for ORA to A$1.80 from A$2.30

** Jefferies trims price target for ORA to A$1.69 from A$2.34

** Morningstar lowers fair value estimate for ORA by 7% to A$2.80

($1 = 0.8548 euros)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))