JPMorgan downgraded Woodside Energy (WDS) to Neutral from Overweight with a price target of A$23.90, down from A$26.80. The firm, which believes Woodside is entering a period of heightened execution risk as it advances the development of various projects and seeks to diversify its business away from traditional upstream oil and gas, contends that the Louisiana LNG project in particular “holds a high level of risk.”
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