RBC Capital downgraded Beach Energy to Sector Perform from Outperform with a price target of A$1.40, down from A$1.75. Beach has decreased reserves by a larger amount than what it announced at its strategy day, creating uncertainty, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BEPTF: