2349 GMT - Crop-chemicals supplier Nufarm's trading update was encouraging, says Jefferies. Nufarm signaled 1H Ebitda of A$236 million-A$244 million. Analyst Ramoun Lazar says that is in line with consensus forecasts of A$240 million. Also, Nufarm pointed to positive momentum into April with supply chains operating normally. Still, Jefferies sticks with a hold call on the stock when raising its price target by 3.1% to A$2.66/share. "While positive, leverage remains high for a business with volatile earnings, and we would like to see more evidence of stabilization in crop-protection markets given pressured farmer profitability," Jefferies says. "Nufarm is heading in the right direction, but shares are already priced for further improvement." Nufarm ended Wednesday at A$2.47. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 15, 2026 19:49 ET (23:49 GMT)
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