WPL – Credit Suisse rates the stock as Outperform

By Broker News | More Articles by Broker News

Credit Suisse observes the shutdown at Pluto has affected revenue and production costs in the second quarter. Yet, the negatives in the June quarter are largely considered one-off and, the broker suspects, overemphasised by the market.

On fundamentals, Credit Suisse envisages upside from Scarborough and the interconnector are not being valued accordingly by the market. Outperform rating maintained. Target is reduced to $37.67 from $37.92.

Sector: Energy.

Target price is $37.67.Current Price is $33.81. Difference: $3.86 – (brackets indicate current price is over target). If WPL meets the Credit Suisse target it will return approximately 10% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →