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    TWE — Treasury Wine Estates News Story

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    Australia's Treasury Wine rises as UBS lifts PT ahead of investor day

    Picture of Treasury Wine Estates logoTreasury Wine Estates
    03/06/2026 04:43
    BUZZ-Australia's Treasury Wine rises as UBS lifts PT ahead of investor day
    ** Shares of Treasury Wine Estates TWE.AX rise as much as 2.1% to A$4.195
    ** UBS raises TWE price target to A$4.50 from A$4.00, maintains "neutral" rating
    ** Broker flags upcoming June 4 investor day as key near-term catalyst
    ** Notes A$100 million ($71.7 million) cost-saving programme and capital allocation under scrutiny, with no dividends expected through FY28
    ** Stock currently up 1% at A$4.155, on track for second-straight day of gains
    ** TWE down 20.8% this year, including the day's move

    ($1 = 1.3945 Australian dollars)

     (Reporting by Roushni Nair in Bengaluru)
     ((Roushni.nair@thomsonreuters.com))

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