0445 GMT - Select Harvests' over-optimism on volumes is seen by Ord Minnett analyst John Lawlor as another own-goal by the almond farmer. Lawlor maintains a buy rating on the stock, but tells clients in a note that the downgrade in the volume outlook echoes prior missteps by the Australia-listed company. He points out that Select Harvests reiterated its 2025 volume guidance just four weeks ago, only to downgrade it this week by almost 11% at the range midpoint. Rising almond prices help limit the impact and Lawlor lowers his annual Ebitda forecast by 9% to A$98 million. Target price falls 4.3% to A$5.60. Shares are up 8.7% at A$5.00. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 00:45 ET (04:45 GMT)
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