** Shares of Incitec Pivot IPL.AX fall 1.2% to A$2.905
** Shares of the fertilizer producer mark their worst intraday session since February 3
** Co said on Monday that FY production at its Phosphate Hill Plant in Queensland will likely be impacted by sulphuric acid supply interruptions and weather events, shares closed 1% lower on the day
** Macquarie lowers price target $(PT)$ to A$3.09 from A$3.15, maintains "neutral" on stock
** Brokerage accounts for lower FY25 earnings outlook due to Phosphate Hill plant production outlook
** Five of 12 analysts rate the stock "buy" or higher, seven "hold"; their median PT is A$3.20 – according to data compiled by LSEG
** Incitec stock rose 19.5% in 2024
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.