Stock Track | LendLease Group Plummets 5.02% Intraday After Morgan Stanley Forecasts Bigger Annual Loss

Stock Track

Jun 03

LendLease Group's stock plummeted 5.02% during intraday trading on Wednesday, marking a significant downturn for the Australian real estate company.

The sharp decline followed a report from Morgan Stanley analysts who lowered their price target for LendLease to A$3.25 from A$3.89 while maintaining an 'equal-weight' rating. The brokerage also significantly widened its forecast for the company's FY26 net loss after tax to A$352 million from A$119 million projected earlier.

Morgan Stanley expressed concerns that LendLease's target of reducing gearing to approximately 15% by the end of June 2026 is unlikely to be achieved unless the company receives substantial cash proceeds from uncontracted sales. The stock has declined 49% year-to-date, reflecting ongoing challenges in the company's integrated real estate business.

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The brokerage also significantly widened its forecast for the company's FY26 net loss after tax to A$352 million from A$119 million projected earlier.</p><p>Morgan Stanley expressed concerns that LendLease's target of reducing gearing to approximately 15% by the end of June 2026 is unlikely to be achieved unless the company receives substantial cash proceeds from uncontracted sales. The stock has declined 49% year-to-date, reflecting ongoing challenges in the company's integrated real estate business.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LLC.AU","symbol_name":"LENDLEASE GROUP","start_time":0,"source_url":"","article_id":"1171724682","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1171724682","pubTimestamp":1780452514,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"LendLease Group's stock plummeted 5.02% during intraday trading on Wednesday, marking a significant downturn for the Australian real estate company.The sharp decline followed a report from Morgan...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LLC.AU":"LENDLEASE GROUP"},"translate_title":"个股追踪|摩根士丹利预测年度亏损更大后联利集团盘中暴跌5.02%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LLC.AU":1},"content_text":"LendLease Group's stock plummeted 5.02% during intraday trading on Wednesday, marking a significant downturn for the Australian real estate company.The sharp decline followed a report from Morgan Stanley analysts who lowered their price target for LendLease to A$3.25 from A$3.89 while maintaining an 'equal-weight' rating. 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