0834 [Dow Jones] STOCK CALL: UBS upgrades AWE (AWE.AU) to Buy...

0834 [Dow Jones] STOCK CALL: UBS upgrades AWE (AWE.AU) to Buy from Hold, lifts price target to A$3.04 from A$2.92 vs A$2.63 last trade after investors sold the stock off 6% Friday on disappointing result from wildcat Hoki-1 exploration well. "We believe the share price correction after Hoki represents an AWE buying opportunity," UBS says. "We are highly encouraged by the next two drilling prospects called Tui SW and Kahu." Hoki-1 was a high-risk well, but many investors nevertheless held high hopes for its success. ([email protected])