Treasury Wine's Margin Expansion to Be Slowed by Costs -- Market Talk

Dow Jones04-02

0151 GMT - Treasury Wine Estates' sales will benefit from China's removal of tariffs on Australian wine, but margins will take time to expand, UBS analyst Shaun Cousins says. He anticipates higher volumes, with price rises for Penfolds-branded wine lifting revenue per case. Yet he tells clients in a note that earnings-margin expansion will be slowed by higher costs and continued pressure on Treasury's Americas business. Cousins makes no changes to his FY 2024 EPS forecast for the company, but raises his EPS projections for FY 2025, FY 2026 and FY 2027 by 3%, 5% and 12%, respectively. UBS lifts the stock's target price 8.9% to A$15.25 and maintains a buy rating. Shares are up 1.9% at A$12.68. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 01, 2024 21:51 ET (01:51 GMT)

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He anticipates higher ...</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":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2424084551","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424084551","pubTimestamp":1712022660,"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":"0151 GMT - Treasury Wine Estates' sales will benefit from China's removal of tariffs on Australian wine, but margins will take time to expand, UBS analyst Shaun Cousins says. 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