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Does Macquarie rate Treasury Wine shares a buy, hold or sell after its FY25 result?

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Treasury Wine Estates Ltd (ASX: TWE) shares are changing hands at $7.91 a piece at the time of writing, up 1.17% for the day so far.

The share price has sunk 35.51% over the past year, as a structural shift in market demand, operational headwinds, and news of its



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