Australia's Nufarm falls after Morningstar halves fair value estimate

Shares of Nufarm NUF.AX fall as much as 2.2% to A$2.23

Morningstar slashes fair value estimate for the agricultural firm to A$4 per share, down ~50%, citing weaker omega-3 canola seed tech growth prospects and lower crop protection segment margin expectations

Co maintains FY26 revenue target of A$4.4 billion-A$4.6 billion ($2.88 billion-$3.01 billion), while Morningstar cuts its forecast to A$4.3 billion from A$4.6 billion

Morningstar now values Nufarm's seed technologies segment at A$820 million, down 50% from its prior A$1.6 billion assessment

Brokerage adds longer-term macroeconomic revenue drivers for NUF remain unchanged, including rising global population and quality-of-living increases

One of seven analysts rates the stock "buy", four as "hold" and two as "strong sell"; their median PT is A$2.75, as per LSEG data

Stock down 36.2% YTD, as of last close

($1 = 1.5279 Australian dollars)