Poultry producer Inghams held its FY 2026 earnings guidance steady, despite the pain of rising fuel costs. That's a strong outcome, Bell Potter says. It implies Inghams had been operating at the upper band of its underlying Ebitda range of A$180 million-A$200 million prior to the Middle East conflict. Analyst Jonathan Snape highlights strong 3Q volumes and progress toward some A$60 million-A$80 million of cost savings. "The business is yet to see any material disruption to channel exposures, which is a clear point of interest in 4Q with a weakening consumer," Bell Potter says. It retains a hold call on Inghams, and raises its price target by 5% to A$2.10/share. Inghams ended Tuesday at A$1.955. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 12, 2026 19:00 ET (23:00 GMT)
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