BUZZ — Citi trims Orora PT after softer Q1 sales volumes

* Citi cuts price target on Orora Limited 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 (Reporting by Paridhi Minda in Bengaluru) ((mailto:Paridhi.minda@thomsonreuters.com;)