WPL – Deutsche Bank rates the stock as Hold

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Deutsche Bank estimates 13.5mtpa of LNG contracts have been signed this year, up 67%.

These offtake agreements precede what the broker envisages is a record 120mtpa of new capacity to be sanctioned over 2019-20, more than double any other two-year stretch.

Hold rating and $37.10 target.

Sector: Energy.

Target price is $37.10.Current Price is $34.86. Difference: $2.24 – (brackets indicate current price is over target). If WPL meets the Deutsche Bank target it will return approximately 6% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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