Citi trims Orora PT after softer Q1 sales volumes
** 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