0017 GMT - Nickel Industries's share price falls 5.9% to A$0.955 after Jefferies walks back its bullish call on the stock. Jefferies cuts Nickel Industries to hold from buy, and lowers its price target by 17% to A$1.00/share, citing increasing geopolitical headwinds and higher sulfur prices reducing profit margins of its high-pressure acid leach operations. "While we believe the company is well-placed to capitalize on continued pricing strength, the increasing regulatory environment within Indonesia...are seeing us place a larger discount on future cashflows," analyst Mitch Ryan says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 08, 2026 20:17 ET (00:17 GMT)
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