Morningstar sees demand growth for Treasury Wine; keeps fair value unchanged on shipment drag

ReutersApr 24, 2026 5:07 AM

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Shares of Australia's Treasury Wine Estates rise as much as 2.9% to A$4.68

Morningstar highlights improving demand for the standalone winemaker's <TWE.AX> labels, cautions subdued distributor shipments will likely temper revenue over next two years

Investment research firm leaves earnings forecasts, A$8.50 fair value of co unchanged after it reaffirmed forecast for stronger H2 underlying earnings vs H1

However, says rising consumer demand hastening destocking and easing shipment curbs, argues that disciplined destocking preserves brand reputation and pricing power for premium labels, underpinning long-term margins

*Avg rating of 15 analysts suggest "hold"; their median PT is A$5.1, LSEG-compiled data shows

*Stock up 12.2% so far this week, set for its best week in over 5 years, if current trend holds

Stock down 14.1% YTD

($1 = 1.4019 Australian dollars)

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