** Shares of Australia's Orora ORA.AX rise as much as 1.7% to A$2.39
** Morningstar initiates coverage on ORA with a fair value estimate of A$2.60, an 8.8% premium to stock's high on Tuesday
** Uncertainty rating for ORA is medium
** The investment research firm says it expects the premiumization of beverage containers to support profit margin growth and revenue growth above nominal gross domestic product
** Orora produces glass bottles and aluminum cans for the beverage industry
** Adds Orora benefits from a mix shift with specialised glass bottle and higher-price aluminium glass designs
** Estimates a ramp-up of revenue growth, reaching our midcycle assumption of 4% annual revenue growth from fiscal 2029
** Stock has fallen 9.6% YTD, as of last close
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com))
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