Australia's Treasury Wine gains; Jarden hikes PT and earnings estimates

Treasury Wine Estates

31/01/2025 03:25

** Shares of Australia's Treasury Wine Estates  TWE.AX  
rise 2.5% to A$11; hitting their highest since Jan. 9
    ** Analysts at Jarden raise price target on the spirits
maker to A$14.7 from A$14.1; maintain "buy" recommendation 
    ** Brokerage says luxury wine is outperforming the sector
and TWE's portfolio is increasingly skewed towards
premiumisation
    ** Says firm continues to find opportunities to growth its
luxury brand
    ** Jarden forecasts co's earnings to grow by around 14% from
FY25-28
    ** Stock down 2.8% YTD
  

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