On Wednesday, BofA Securities analyst Matt Chalmers upgraded Woodside (OTC:WOPEY) Energy Group Ltd (WDS:AU) (NYSE: WDS) stock from Neutral to Buy, adjusting the price target to AUD27.10, up from the previous AUD25.50. The upgrade comes as Woodside, currently trading at $15.26, sits near its 52-week low, while offering an attractive 8.78% dividend yield. According toInvestingProanalysis, the company maintains a "Good" financial health score of 2.63. The upgrade was influenced by revised oil price forecasts by BofA's Commodity Strategy team, which now expectsBrent crude oilto average $75 per barrel in 2025 and $73 per barrel in 2026. This adjustment aligns closely with current forward market prices.
WDS Price at posting:
$24.56 Sentiment: Hold Disclosure: Held
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