Citi analyst James Byrne downgraded Beach Energy (BEPTF) to Sell from Neutral with a price target of A$1.30, up from A$1.20. Following a sharp rally in the shares, the firm thinks the stock “has gone too far relative to the remaining execution risks” and contends “there is no upside left to own” Beach with execution uncertainty skewing the risks to owning the shares to the downside.
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: