BUZZ-Australia's Treasury Wine gains; Jarden hikes PT and earnings estimates

Reuters

2025/01/31

** Shares of Australia's Treasury Wine Estates TWE.AX rise 2.5% to A$11; hitting their highest since Jan. 9

** Analysts at Jarden raise price target on the spirits maker to A$14.7 from A$14.1; maintain "buy" recommendation

** Brokerage says luxury wine is outperforming the sector and TWE's portfolio is increasingly skewed towards premiumisation

** Says firm continues to find opportunities to growth its luxury brand

** Jarden forecasts co's earnings to grow by around 14% from FY25-28

** Stock down 2.8% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

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

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