Australian Wheat Board
JP Morgan have rated the Australian Wheat Board (AWB) stock with a Neutral recommendation with their base case valuation declining marginally to $4.30 per share. Including a best case scenario regarding regulatory risks. Earnings forecasts have been cut following ABARE's latest wheat crop forecasts. The broker explains AWB is more leveraged to wheat volumes, rather than wheat pricing.
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- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
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