Australia's Treasury Wine hits over 4-yr low as Citi cuts to 'neutral'
ReutersApr 2, 2025 12:48 AM
Shares of Treasury Wine Estates TWE.AX fall as much as 2.8% to A$9.350, their lowest level since February 16, 2021
Winemaker's stock posts biggest intraday percentage loss since March 5, set for fourth straight day of losses
Analysts at Citi downgrade stock to "neutral" from "buy"
"We have become incrementally cautious on the company's prospects in the Americas as well as longer term structural headwinds facing the broader alcohol category," Citi says
13 of 15 analysts rate the stock "buy" or higher, two "hold"; their median PT is A$13.85 – LSEG data
Stock down 17.5% this year, including the day's move
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