BrilliA price target lowered to $2.75 from $5 at Alliance Global

Alliance Global lowered the firm’s price target on BrilliA (BRIA) to $2.75 from $5 and keeps a Buy rating on the shares after reporting first half results. The firm noted that the impact of tariffs caused the company to reject certain deals from customers when asked to absorb the full burden of the tariff. Alliance Global added that it anticipates tariffs will continue to have an impact in the second half. The firm told investors that while tariff uncertainty remains, an agreement to lower the tariff to 19% in February and the Supreme Court striking down Trump’s tariffs, means that FY2027 tariffs should be less of an issue where Indonesia is at least at the same level as other Southeast Asian countries.