Morningstar sees demand growth for Treasury Wine; keeps fair value unchanged on shipment drag

Treasury Wine Estates

24/04/2026 06:07

Updates

** Shares of Australia's Treasury Wine Estates rise as much as 2.9% to A$4.68

** Morningstar highlights improving demand for the standalone winemaker's  labels, cautions subdued distributor shipments will likely temper revenue over next two years

** Investment research firm leaves earnings forecasts, A$8.50 fair value of co unchanged after it reaffirmed forecast for stronger H2 underlying earnings vs H1

** However, says rising consumer demand hastening destocking and easing shipment curbs, argues that disciplined destocking preserves brand reputation and pricing power for premium labels, underpinning long-term margins

** Avg rating of 15 analysts suggest "hold"; their median PT is A$5.1, LSEG-compiled data shows

** Stock up 12.2% so far this week, set for its best week in over 5 years, if current trend holds

** Stock down 14.1% YTD

($1 = 1.4019 Australian dollars)

(Reporting by Kumar Tanishk and Aamir Sheik Khalid in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk; Aamir.SheikKhalid@thomsonreuters.com))