Forsyth Barr says Trump’s tariffs are hurting Mainfreight

Forsyth Barr says Trump’s tariffs are hurting Mainfreight
Mainfreight will likely find earnings growth in FY26 harder to achieve than current market expectations imply, Forsyth Barr analysts say. (Image: Mainfreight)
Rebecca Howard
Forsyth Barr analysts lowered their 12-month target price on Mainfreight by 8.8% and noted a worsening near-term economic outlook due to actual and threatened tariffs and the recent decline in sea and air freight rates. Analysts Andy Bowley and Hugh Lockwood rate Mainfreight at Neutral and now have a 12-month target price of $73.   The stock was trading at $64.71 late Thursday in Wellington.According to Bowley and Lockwood, “The cyclical demand backdrop was temporarily boosted by the threat of tariffs but is now firmly on a...

More Markets

NZX 50 dips despite Fletcher Building's 4.6% gain
Markets Market Close

NZX 50 dips despite Fletcher Building's 4.6% gain

Pacific Edge shares gained after it said it got a step closer to Medicare approval.

Gregor Thompson 15 Sep 2025
ANZ agrees to record A$240m fine for widespread misconduct
Markets

ANZ agrees to record A$240m fine for widespread misconduct

ANZ has agreed to pay the largest penalty its Australian regulator has ever issued an entity in one go, due to failings in the bank’s dealings with both the Government and its retail customers.ANZ and the Australian Securities and Investments Commission (ASIC) will ask the Federa...

Staff reporters 15 Sep 2025
Trade Window looks to boost profile with ASX listing
Markets

Trade Window looks to boost profile with ASX listing

Trade Window is moving to broaden its investor base with a secondary listing in Australia.The Auckland-based trade software firm said on Monday that with its secondary listing, it was pursuing "the goal of increasing its profile among the broad pool of investors across the Tasman...

Staff reporters 15 Sep 2025