Analysts still cautiously upbeat on Delegat Group

Delegat Group expects global wine case sales to be down 1.7% on last year. (Image: Delegat)

Mon, 20 Nov 2023

Analysts remain cautiously upbeat on Delegat Group after the winemaker downgraded its volumes and earnings guidance.Jarden lowered its 12-month target price to $10.70 versus a prior view of $11.80. However, it retained an overweight rating.The stock was trading at around $7.20 late Friday. It has shed 27% over the past 12 months.Forsyth Barr doesn’t provide a target price or investment rating for Delegat (DGL).Lower guidanceDelegat now expects global case sales of 3,614,000 cases for the 2024 year, down 1.7% on last year an...

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