Treasury Wine Could See Wholesaler Destocking Continue -- Market Talk

Dow Jones03-11

0250 GMT - Sales at Duckhorn suggests that the wholesaler destocking that has affected Treasury Wine Estates could continue, UBS analyst Shaun Cousins writes in a note. He points out that Duckhorn lowered its annual revenue and earnings guidance from a previous range that assumed some improvement in levels of destocking by wholesalers. Cousins suggests that Duckhorn's increased caution suggests that Australia's Treasury Wine, which has already endured such customer behavior, may not see a reversal of recent trends just yet. UBS keeps a buy rating and A$14.00 target price on shares of Treasury Wine, which are down 0.65% at A$12.27. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 10, 2024 22:51 ET (02:51 GMT)

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Cousins suggests that Duckhorn's increased caution suggests that Australia's Treasury Wine, which has already endured such customer behavior, may not see a reversal of recent trends just yet. UBS keeps a buy rating and A$14.00 target price on shares of Treasury Wine, which are down 0.65% at A$12.27. 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He points out that Duckhorn ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2418874494","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2418874494","pubTimestamp":1710125460,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0250 GMT - Sales at Duckhorn suggests that the wholesaler destocking that has affected Treasury Wine Estates could continue, UBS analyst Shaun Cousins writes in a note. He points out that Duckhorn lowered its annual revenue and earnings guidance from a previous range that assumed some improvement in levels of destocking by wholesalers. Cousins suggests that Duckhorn's increased caution suggests that Australia's Treasury Wine, which has already endured such customer behavior, may not see a reversal of recent trends just yet. UBS keeps a buy rating and A$14.00 target price on shares of Treasury Wine, which are down 0.65% at A$12.27. 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