0029 GMT - Treasury Wine Estates' bull at Morgan Stanley stays positive on the stock despite the potential for significant market disruption from U.S. trade tariffs. Analyst Melinda K. Baxter tells clients in a note that tariffs on imports to the U.S. could help the Australian company thanks to the fact that 80% of its U.S. sales are produced locally. However, that could be benefit by a squeeze on other global markets as European producers redistribute inventory previously destined for the States. Baxter is keeping an eye on tariffs and Chinese consumer sentiment but maintains an overweight rating and A$12.90 target price on the stock for now. Shares are down 0.5% at A$10.03. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 18, 2025 20:30 ET (00:30 GMT)
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