2244 GMT [Dow Jones]--Ord Minnett sees the logic in Cobram Estate Olives's A$175 million capital raising to fund an expansion in the U.S., despite the near-term dent it puts in EPS. "An expanded asset portfolio and increased production capacity strengthen Cobram's long-term competitive advantages in a large and lucrative market," analyst Ian Munro says. It thinks any benefit is likely to be felt from FY 2029 onwards, given the time it takes to buy land, plant olive trees and reach a commercial crop. Ord Minnett raises its price target by 6.8% to A$3.44/share and it retains an accumulate call on Cobram's stock. Cobram ended Tuesday at A$3.34. (david.winning@wsj.com)
(END) Dow Jones Newswires
September 09, 2025 18:48 ET (22:48 GMT)
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