BUZZ-Australia's Jupiter Mines falls on Trump tariff; Macquarie hikes PT on raised outlook

Reuters

2025/02/03

BUZZ-Australia's Jupiter Mines falls on Trump tariff; <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> hikes PT on raised outlook

** Jupiter Mines JMS.AX falls 3.2% to A$0.15; set for biggest pct decline since Jan. 28

** Manganese miner tracks subdued sentiment in Australian markets, as U.S. imposes tariffs on top trading partner China, rattling investors and dragging broad index .AXJO 1.8% lower

** Macquarie hikes PT to A$0.22 from A0.21 to reflect its upgraded FY25 outlook, given JMS's Q2 earnings beat analysts' forecasts

** Stock fell 12.1% in 2024

(Reporting by Nichiket Sunil)

((Nichiket.Sunil@thomsonreuters.com;))

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