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Treasury Wine Estates Ltd (TWE) $10.86

TWE has struggled through 2023 even as local relations with China improve. Their acquisition of DAOU Vineyards and subsequent equity raising has weighed on the stock of late, but we like its outlook in the medium term.

  • We are initially targeting a recovery to the $12 area – recent comments by MM on TWE.
MM is long and cautiously bullish on TWE
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Treasury Wine Estates Ltd (TWE)
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