Cobram Estate Olives Expected to Maintain Cashflow Expansion -- Market Talk

Dow Jones2024-12-16

0342 GMT - Cobram Estate Olives' bull at Shaw & Partners urges investors not to be deterred by earnings volatility, highlighting the potential for expanding cashflows over the next decade. Analyst Larry Gandler reminds clients that the Australian company is poised to benefit from what he describes as the structural growth of olive oil consumption in non-European countries and consumers' preference for superior-quality, local products. He points out that Cobram has steadily grown operating cash flow despite volatile earnings and emphasizes recent strong price increases that are expected to benefit its fiscal 2025 performance. Shaw raises its target price by 2.4% to A$2.10 and maintains a buy rating on the stock, which is down 0.1% at A$1.9975. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

December 15, 2024 22:42 ET (03:42 GMT)

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