BUZZ — Australia's Orora rises as Morningstar backs strong cans segment
(Updates) * Shares of Australia's Orora rise as much as 1.9% to A$1.375 * Analysts at Morningstar maintain their fair value estimates for ORA at A$2.3, higher than last close, after shares fell following ORA's Q1FY27 trading update * Investment research firm forecasts FY27 adjusted EBIT 19% lower than prior year, citing lower sales from Saverglass segment and higher manufacturing costs * Believes market is too impatient with Saverglass, which has had to bear the brunt of US tariffs, cost-of-living pressures and the Middle East war * Market sentiment bleeds onto the prospects of Orora's cans business, which Morningstar considers to have a potential moat * Orora is among Australia's biggest can producers, having contracts with Coca-Cola, Asahi, and Suntory * Weekly, stock down 2.7%, worst weekly performance in a month * YTD, stock down 37.7%, including the session's moves (Reporting by Rudrannsh Mehra & Paridhi Minda in Bengaluru) ((Rudrannsh.Mehra@thomsonreuters.com)
(Updates) * Shares of Australia's Orora rise as much as 1.9% to A$1.375 * Analysts at Morningstar maintain their fair value estimates for ORA at A$2.3, higher than last close, after shares fell following ORA's Q1FY27 trading update * Investment research firm forecasts FY27 adjusted EBIT 19% lower than prior year, citing lower sales from Saverglass segment and higher manufacturing costs * Believes market is too impatient with Saverglass, which has had to bear the brunt of US tariffs, cost-of-living pressures and the Middle East war * Market sentiment bleeds onto the prospects of Orora's cans business, which Morningstar considers to have a potential moat * Orora is among Australia's biggest can producers, having contracts with Coca-Cola, Asahi, and Suntory * Weekly, stock down 2.7%, worst weekly performance in a month * YTD, stock down 37.7%, including the session's moves (Reporting by Rudrannsh Mehra & Paridhi Minda in Bengaluru) ((Rudrannsh.Mehra@thomsonreuters.com)