Will Treasury Wine Estates improve with age?

Treasury Wine Estates may have outperformed the benchmark S&P/ASX200 index by 18.4% in the past six months but JPMorgan, Citi, Credit Suisse and Commonwealth Bank of Australia all reckon it’s better to be underweight. The Wall Street Journal reports since spun out in May from the now de-listed Foster’s Group, the company just became Australia’s largest listed alcohol company with a market capitalization of 2.5 billion Australian dollars (US$2.55 billion).