Australia's Wesfarmers slips; Jarden cuts earnings estimate

WESFARMERS

31/10/2024 23:24

** Shares of Australia's Wesfarmers  WES.AX  fall as much as
1.3% to A$66.39
    ** Stock hits lowest since July 10
    ** Analysts at Jarden lower earnings est. on Australia's
largest-listed conglomerate by 3% for FY25
    ** Brokerage says est. downgrade largely reflecting softer
commentary across Wesfarmers Chemicals, Energy & Fertilisers 
    ** Maintains "neutral" rating on stock and keeps A$61.2 PT
unchanged
    ** Stock has risen 18% this year, as of last close

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