2258 GMT - Bell Potter is hungry for shares in Select Harvests, taking a view that consensus earnings forecasts look light given almond prices have rallied following the USDA's crop forecast in July. "We would see AUD values at A$8.00-8.50/kg, which is consistent with our A$8.33/kg forecast in FY 2025," says analyst Jonathan Snape. Bell Potter highlights that its FY 2025 Ebitda estimate is some 17% above Visible Alpha consensus forecasts. "To this end we see consensus forecast as likely to be reevaluated upwards as we approach the FY 2024 results in November and upgrade our rating from Hold to Buy," the bank adds. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
September 17, 2024 18:58 ET (22:58 GMT)
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