June quarter sales revenues were 21% above UBS forecasts with improved commodity pricing and higher oil production the drivers.
As a result, 2010 earnings forecasts rise by 7.5% while FY11-12 are trimmed slightly. Sector: Energy.
Target price is $55.00.Current Price is $41.92. Difference: $13.08 – (brackets indicate current price is over target). If WPL meets the UBS target it will return approximately 24% (excluding dividends, fees and charges – negative figures indicate an expected loss).