2313 GMT - Ord Minnett found lots to like about Select Harvests's 1H result and raised its price target to A$5.70/share in response. Select Harvests signaled a 29,500 million ton crop and achieved record third party volumes of 15,400 million tons in FY26. Combined with strong global almond prices, this sets the company up for a record annual result, analyst John Lawlor says. "This performance has afforded Select Harvests the financial flexibility to introduce a 10% share buyback and reintroduce dividends earlier than we had anticipated," Ord Minnett says. "Overall, the result was ahead of our expectations, and it was without any restatements or frustrations." Ord Minnett raises its FY26-FY28 Ebitda forecasts by 8%, 7% and 11%, respectively. It retains a "buy" call on Select Harvests, which ended Thursday at A$3.90. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 28, 2026 19:13 ET (23:13 GMT)
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