NUF - Macquarie rates the stock as Outperform
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Macquarie tapers its estimates, given the timing of the company's acquisitions, but remains positive on the growth outlook. The broker expects a heavy skew to the second half. Seeds development provides further options on growth.
FY18 estimates for earnings per share are reduced by -13% and FY19 by -4%. Outperform rating maintained. Target is reduced to $10.17 from $10.29.
Target price is $10.17.Current Price is $8.56. Difference: $1.61 - (brackets indicate current price is over target). If NUF meets the Macquarie target it will return approximately 16% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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