Goldman Sachs upgraded AGL Energy (AGLNF) to Buy from Neutral with a A$11.35 price target The company reported a softer FY25 result than expected, with management highlighting that they are confident that a roughly A$270M EBITDA contribution from batteries currently operational and under development in FY28 can more than offset the impact of legacy coal and gas supply contracts expiring that year. The firm revised its FY28 EBITDA estimate +10% to provide a 2% increase from FY25.
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