Australia's Elders rises; Citi positive on second-half outlook

Shares of Australia's Elders ELD.AX rise as much as 3.7% to A$6.39, their highest levels since May 26

Stock of the agribusiness marks its biggest intraday pct gain since April 23

Citi sees sequential upside catalysts for 2H in sustained momentum in livestock and real estate services, others

Co logged HY underlying EBIT of A$64.3 million ($41.69 million) on Monday, missing market estimates

Brokerage expects further upside to be possible from increased post-emergent crop protection demand in both regions if weather changes

Brokerage maintains 'Buy' rating, cuts price target to A$8.60/share due to lower EPS forecasts, others

Average rating of seven analysts "buy"; their mean PT is A$8.42 – according to data compiled by LSEG

Stock down 13.3%, YTD

($1 = 1.5423 Australian dollars)