VEA – Deutsche Bank rates the stock as Buy

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Deutsche Bank initiates coverage of Viva Energy with a Buy rating and $2.65 price target. The broker considers the company a well run, solid retail model at a discount to its peer.

The company owns and controls strategic infrastructure, creating barriers to entry, and has a favourable retail alliance providing access to highly competent c-store operator.

Sector: Energy.

Target price is $2.65.Current Price is $2.45. Difference: $0.20 – (brackets indicate current price is over target). If VEA meets the Deutsche Bank target it will return approximately 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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