Australia's Treasury Wines rises as Morningstar maintains views on improving demand
BUZZ-Australia's Treasury Wines rises as Morningstar maintains views on improving demand Updates
** Shares of Treasury Wine Estates TWE.AX rise as much as 2.5% to A$6.090, hitting their highest level since October 28, 2025
** Analysts at Morningstar maintain their fair value estimate for TWE, saying heightened core brands demand is offset by weak demand for cheaper wines
** Adds, FY27 to be a transition year, earnings growth to resume FY28 onwards, forecasting reduced debt and a rebalanced inventory in both US and China
** Annual underlying EBIT forecast from Morningstar stays the same at A$502 million ($347.33 million), expected to grow a further 8% to A$544 million by FY28
** Research investment firm sets fair value at A$7 a share, higher than TWE's last close, as it believes markets are undervaluing shares, fixating on cyclical near-term headwinds
** Weekly, stock up 7%, best weekly performance in two months
** Stock up 14.7% YTD, including the session's moves
($1 = 1.4453 Australian dollars)
(Reporting by Rudrannsh Mehra & Paridhi Minda in Bengaluru)
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