Australia's Select Harvests hits over 1-year high after Bell Potter upgrades to 'buy'

Select Harvests

18/09/2024 04:13

** Shares of Select Harvests  SHV.AX  gain as much as 8.8%
to A$4.560, their highest level since Aug 22, 2023 
    ** Stock posts its biggest intraday pct gain since July 11 
    ** Analysts at Bell Potter raise their price target for the
almond product maker to A$4.95 from A$4.40 and rating to "buy"
from "hold" 
    ** Analysts say change reflects a lower risk profile for co
into FY25 with higher almond prices and below-average rainfall
across key growing regions through Aug 
    ** Select Harvests stock up ~54% YTD, as of 0319 GMT
    
    

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))