2330 GMT - Shares in SGH are likely to fall after lower-than-expected FY27 guidance, Barrenjoey says. ASX-listed industrial conglomerate SGH issued FY27 guidance for flat to low-single-digit EBIT growth. That is below consensus for 3% growth--or 5% growth versus the new FY26 base--says the Australian investment bank. SGH reported FY26 EBIT growth of 1%, at the bottom end of guidance. Coates is the driver of the slightly softer result, Barrenjoey says. "On the positive side, operating cash flow was better" than expected--up 7% versus consensus--resulting in net debt of A$3.7 billion coming in lower than expected, it says. Barrenjoey has an "overweight" rating and A$55.00 target on SGH. Shares ended Monday at A$46.34.
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