** Analysts at Jefferies see upcoming Chinese tariff removal to be a material positive for Treasury Wine Estates
** Australia's top winemaker said on Tuesday China's Ministry of Commerce released an interim proposal to remove tariffs on Australian wine
** "While the interim determination on removing tariffs is not final, we believe the final determination in coming weeks is unlikely to be any different" - Jefferies
** Brokerage adds that tariff removal will elevate growth as supply is built, facilitate pricing power and improve earnings predictability for TWE
** 12 of 15 analysts rate the stock "buy" or higher, two "hold" and one "sell"; their median PT is A$13.10 – LSEG data
** Stock up 13.9% YTD, based on last close
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))
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