Goldman Sachs analyst Henry Meyer downgraded Beach Energy to Sell from Neutral with a price target of A$1.65, down from A$1.70. The analyst views the stock’s valuation as “relatively fully” given the uncertainty surrounding near-term earnings from Otway customer nominations during contract re-pricing arbitration, land access approvals for Enterprise connections, and contractor progress on Waitsia.
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>>
See today’s best-performing stocks on TipRanks >>
Read More on BEPTF: