** Brokerages Jefferies and Citi cite Chinese economic factors to positively impact Australian winemaker Treasury Wine Estates
** Jefferies sees potential Chinese stimulus next year as positive to earnings, while looking for more signs of improved consumption
** Citi argues China recovery exceeding expectations, also cites better-than-expected outlook for TWE and improved performance of its DAOU brand.
** Jefferies views purchase of Ningxia Stone and Moon Winery in China not financially material but confirms co's commitment to China market.
** Both brokerages maintain "buy" rating, keep PT unchanged at A$12.97 and A$15.50, respectively
** 13 of 15 analysts rate the stock "buy" or higher, 2 "hold"; their median PT is A$14.30 — LSEG
** Stock has risen 10.9% YTD, as of last close
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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