Origin Energy price target raised to A$12.50 from A$11 at Citi

Citi raised the firm’s price target on Origin Energy (OGFGF) to A$12.50 from A$11 and keeps a Buy rating on the shares. The firm has marked to market for commodity prices, foreign exchange rates, known production and sales data, and rolled forward its models for its Australia oil and gas coverage, leading to its price target update.