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 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>