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Why the Treasury Wine share price is sinking today – Motley Fool Australia
The Treasury Wine share price is sinking today, dropping by more than 2% following a broker note out of Morgan Stanely.
The Treasury Wine Estates Ltd (ASX: TWE) share price is marching lower today, down by 2.37% to $10.73 at the time of writing
This drop is likely being somewhat driven by the broader losses associated with the S&P/ASX 200 Index (ASX: XJO) today, but a top broker’s rating of “Overweight” for the stock this morning is definitely adding to the Treasury Wine share price’s woes.
What did the broker say?
A note out of Morgan Stanley revealed that wine exports to China were down by as much as 16%…
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