0350 GMT - Worley's stock has been held back by uncertainty around both capital expenditure plans in key end markets and the timing of discrete major projects, Goldman Sachs analysts say in a client note. "We have assessed earnings levels being capitalized at the current share price and believe the risk/reward remains positively skewed," the analysts say. The stock recently hit a two-year low. The analysts reiterate a buy rating and A$18.00 target on Worley, which is up 0.2% at A$13.45. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
December 04, 2024 22:50 ET (03:50 GMT)
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