ORG 0.23% $8.68 origin energy limited

dow jones abn amro..recommend buy..read targe

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    1136 [Dow Jones] STOCK CALL: ABN AMRO upgrades Origin Energy (ORG.AU) to Buy from Hold, raises target to A$9.50 from A$9.25. Says while 1H result was disappointing, "management's outlook comments were extremely positive...ORG has always been the sector standout on a long-term view given the optionality embedded within the group's vast and growing coal seam gas reserve base. And now, with the earnings outlook more sound, we are comfortable upgrading our 12-month rating...," analyst says. Shares up 2.5% at A$8.76. (LMF)


 
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1 15500 $8.68
 

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$8.69 2256 1
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