Citi trims Orora PT after softer Q1 sales volumes

By Reuters News

** Citi cuts price target on Orora Limited ORA.AX to A$1.50 and maintains "neutral/high risk" rating following the company's AGM

** Reduces FY27 EBIT forecast by 2%, citing softer first-quarter volumes at Saverglass, Orora's premium glass packaging business

** Says investors are likely to remain cautious given multiple macro headwinds

** Lowers FY27 buyback assumptions and says it remains difficult to take a more constructive view on the stock

** 1 of 12 analysts rate the stock "buy" and 11 "hold"; median PT is A$1.60 - data compiled by LSEG

** YTD, stock down 41% as of last close

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk