BPT 0.69% $1.45 beach energy limited

Quarterly Report, page-29

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    Beach upgraded

    Another energy share that will be on watch today isBeach Energy Ltd(ASX: BPT). That’s because Morgans has just upgraded the energy producer’s shares to an add rating with a $1.81 price target. Although it was disappointed with its quarterly update, Morgans believes the worst is now priced in. It said: “We think that the bad news ahead of BPT is already largely in the price and we move to an ADD rating (from HOLD) on valuation upside.”
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    Last edited by elchagie: 01/02/23
 
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