Goldman Sachs reinstated coverage of Santos (SSLZY) with a Buy rating and A$8.25 price target after the following the XRG consortium withdrew its indicative takeover offer. The firm sees upside in the shares as the delivery of Barossa and Pikka unlock free cash flow for Santos over the next five years.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSLZY: