Treasury Wine Bull Sees Few Surprises in Trading Update -- Market Talk

Dow Jones

Oct 18, 2024

2227 GMT - Jarden analysts tell clients that there are "few surprises" in Australia-based vintner Treasury Wine's recent trading update, reiterating their bullish call on the company's stock. They say Treasury's business mix is looking good as it is increasingly skewed to luxury wine brands which are growing. They also expect the planned sale of the company's lower priced commercial portfolio to deliver a net positive cash flow outcome. "The business has medium-term multiple upside via the commercial sale, China re-entry (demand needs to lift) and U.S. growth outlook," the analysts say. They see Treasury's stock rising to A$14.10, from yesterday's close of A$11.73. (mike.cherney@wsj.com; @Mike_Cherney)

(END) Dow Jones Newswires

October 17, 2024 18:27 ET (22:27 GMT)

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They say Treasury's business mix is looking good as it is increasingly skewed to luxury wine brands which are growing. They also expect the planned sale of the company's lower priced commercial portfolio to deliver a net positive cash flow outcome. \"The business has medium-term multiple upside via the commercial sale, China re-entry (demand needs to lift) and U.S. growth outlook,\" the analysts say. They see Treasury's stock rising to A$14.10, from yesterday's close of A$11.73. (mike.cherney@wsj.com; @Mike_Cherney) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 17, 2024 18:27 ET (22:27 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Treasury Wine Bull Sees Few Surprises in Trading Update -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTreasury Wine Bull Sees Few Surprises in Trading Update -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-18 06:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2227 GMT - Jarden analysts tell clients that there are \"few surprises\" in Australia-based vintner Treasury Wine's recent trading update, reiterating their bullish call on the company's stock. They say Treasury's business mix is looking good as it is increasingly skewed to luxury wine brands which are growing. They also expect the planned sale of the company's lower priced commercial portfolio to deliver a net positive cash flow outcome. \"The business has medium-term multiple upside via the commercial sale, China re-entry (demand needs to lift) and U.S. growth outlook,\" the analysts say. They see Treasury's stock rising to A$14.10, from yesterday's close of A$11.73. (mike.cherney@wsj.com; @Mike_Cherney) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 17, 2024 18:27 ET (22:27 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7097","symbol_name":"酿酒商与葡萄酒商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2476659457","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476659457","pubTimestamp":1729204020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2227 GMT - Jarden analysts tell clients that there are \"few surprises\" in Australia-based vintner Treasury Wine's recent trading update, reiterating their bullish call on the company's stock. They say Treasury's business mix is looking good as it is increasingly skewed to luxury wine brands which are growing. They also expect the planned sale of the company's lower priced commercial portfolio to deliver a net positive cash flow outcome. \"The business has medium-term multiple upside via the commercial sale, China re-entry  and U.S. growth outlook,\" the analysts say. They see Treasury's stock rising to A$14.10, from yesterday's close of A$11.73. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7097":"酿酒商与葡萄酒商","TWE.AU":"TREASURY WINE ESTATES LTD","BK7505":"食品股"},"translate_title":"财政部葡萄酒牛市在交易更新中几乎没有意外——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US30Y.BOND":1,"US5Y.BOND":1,"US6M.BOND":1,"US3Y.BOND":1,"US7Y.BOND":1,"US10Y.BOND":1,"US12M.BOND":1,"TWE.AU":0.9,"US2Y.BOND":1},"content_text":"2227 GMT - Jarden analysts tell clients that there are \"few surprises\" in Australia-based vintner Treasury Wine's recent trading update, reiterating their bullish call on the company's stock. They say Treasury's business mix is looking good as it is increasingly skewed to luxury wine brands which are growing. They also expect the planned sale of the company's lower priced commercial portfolio to deliver a net positive cash flow outcome. \"The business has medium-term multiple upside via the commercial sale, China re-entry (demand needs to lift) and U.S. growth outlook,\" the analysts say. They see Treasury's stock rising to A$14.10, from yesterday's close of A$11.73. (mike.cherney@wsj.com; @Mike_Cherney) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 17, 2024 18:27 ET (22:27 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}