** Analysts at Macquarie lower price target on Fortescue
by 4% to A$13.50
** Also cut EPS estimates on the mining giant by 2%-5% across FY24 to FY26
** Flat Q3 production at co's Iron Bridge project is "concerning" on whether it will reach nameplate capacity or not - Macquarie
** Adds 3QFY24 results were a miss as expected, with the company needing to break records to hit its full-year production guidance
** Brokerage maintains "Underperform" rating on stock
** Stock has fallen 14.7% this year as of last close
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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