Jarden cautious on Fonterra units despite upbeat outlook

Fonterra CEO Miles Hurrell is upbeat about the company's outlook, but Jarden urges caution. (Image: Getty)

Tue, 13 Sep 2022

Fonterra has recently upgraded the co-operative's earnings forecast, but analysts at Jarden are cautious about the Shareholders Fund's future as an investment, due to several uncertainties.Last week, the co-op revised its 2023 forecast earnings guidance to between 45 and 60 cents per share, up from 30 to 45 cents per share, on the back of ongoing strong demand for dairy.A Jarden analysis said indications were that Fonterra Shareholders Fund (FSF) units were “enjoying supernormal profits from non-reference products" at the sam...

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