** Citi upgrades rating on Australia's top oil and gas producer Woodside Energy WDS.AX to "neutral" from "sell", raises PT to A$24 from A$22
** WDS reports 13% drop in FY24 underlying profit, though it beat consensus estimates
** Company says it is well positioned to capitalise on demand for U.S. LNG driven by President Donald Trump's trade policy and pro-fossil fuel agenda
** Woodside CEO Meg O'Neill says Trump's policy already generating business for its Louisiana LNG (LLNG) project
** WDS also looking for potential buyers for a stake in LLNG
** Company's shares ended 2.8% higher on Tuesday at A$24.03 per share, a near two-week high
** Citi says WDS remains "underweight" for fund managers; adds if WDS sells 50% stake in LLNG in coming months, "underweight could be a pain trade"
** Brokerage says any sell downs will likely improve both sentiment and fundamentals
** Morningstar, with a fair value estimate of A$41.50, says market is "overly bearish" on WDS
** 6 of 14 analysts rate WDS "buy" or higher, 7 "hold", 1 "strong sell"; median PT A$27 - LSEG
(Reporting by Sameer Manekar in Bengaluru)
((Sameer.Manekar@thomsonreuters.com))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。