2241 GMT - Fortescue's 1H Ebitda misses consensus by roughly 3% because of higher-than-anticipated operating costs, Jefferies analyst Mitch Ryan says in note. Although, an interim dividend of A$0.50/share is a beat versus consensus of A$0.35/share, he says. "Iron-ore demand remains the key near-term catalyst, with emphasis on China policy decisions from the Two-Sessions mid-March, 1Q 2025 GDP release mid-April, and Politburo meeting in April," Ryan says. Jefferies has a hold rating and A$18.50 target on Fortescue. The stock last traded at A$19.45/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
February 19, 2025 17:41 ET (22:41 GMT)
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