Australia's Nufarm gains as Citi stays 'Neutral', flags turning point in FY26
ReutersFeb 4, 2026 4:38 AM
Shares of Nufarm NUF.AX rise as much as 2.6% to a three-week high of A$2.35
Citi maintains its 'neutral' rating amid a balance of tailwinds and headwinds, adds FY26 could be an inflexion point
Co is well-positioned to benefit from higher corp protection products volume, which can offset persisting soft prices, leading to cost of good sold benefits
Encouraged by co's reaffirming guidance, especially for crop protection earnings growth, brokerage says
Sees ~A$30 million ($21.06 million) EBITDA improvement for Emerging Platforms to be conservative, especially if improving trends in fish oil persists
About 1.6 million shares change hands, 2.4 times the 30-day avg
Down over 1% YTD
($1 = 1.4247 Australian dollars)
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