Goldman Sachs upgraded Cooper Energy to Neutral from Sell with an unchanged price target of A$0.16 after the company reported FY23 underlying EBITDAX of A$109M and ended the year with a $81M net debt position. The firm’s upgrade is based on valuation following recent underperformance of the stock, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>