BUZZ-Citi trims PT and earnings estimates on Australia's Orica

Reuters
2024-10-21

** Analysts at Citi trim price target on Australia's Orica

to A$19 from A$19.50; maintain "neutral" rating on stock

** Brokerage lowers FY25 EBIT estimates on the explosives supplier by 10% and cuts by 7% for FY26

** Lowers earnings estimates on expectations of both lower volumes and average selling price

** 10 of 13 analysts rate the stock "buy" or higher and three "hold"; their median PT is A$20.70 – LSEG data

** Stock has risen 12.7% this year, as of last close

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Lisa Shumaker)

((Rishav.Chatterjee@thomsonreuters.com;))

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