Treasury Wine Estates jumps on bullish China outlook

Treasury Wine Estate could boost its margins from 14 per cent to almost 20 per cent by the middle of 2020 if it can continue to build its strong sales momentum in China. That’s the view of JPMorgan analyst Shaun Cousins, who set a fire under Treasury’s share price on Thursday by slapping a target price of $10.25 on the stock. Treasury shares leapt 5.4 per cent to $9.72 on Thursday and have now climbed 89.6 per cent over the past 12 months.