0355 GMT - Origin Energy keeps its bull at Goldman Sachs despite the Australian power company's weaker-than-expected 1Q revenue from liquefied natural gas. The GS analysts trim their full-year Ebitda forecast by about 1% but keep a buy rating on the stock. They tell clients in a note that they still like its cashflow profile and potential for a 6% dividend yield in fiscal 2026. They also point to potential for market-share or margin growth in Australian gas, plus the opportunity for its minority owned Octopus Energy business. GS trims its target price 1% to A$10.30. Shares are up 0.5% at A$9.68. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 31, 2024 23:55 ET (03:55 GMT)
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