The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.
1713 ET - TPG Telecom's accelerating decline in post-paid mobile subscribers keeps Goldman Sachs analysts bearish on the stock. They are positive on what they say was strong cash generation across 2024, but tell clients in a note that the Australian company's weak 2H post-paid performance is a concern. It looks especially bad given that it came at a time when rivals had lifted their prices, the analysts add. Goldman Sachs keeps a sell rating and A$4.20 target price on the stock, which is at A$4.63 ahead of the open. (stuart.condie@wsj.com)
1640 ET - Strike Energy may have plenty of potential but Wilsons wants more clarity on the strategic direction of the company. In particular, Wilsons has become less bullish about the near-term output of Strike's Walyering gas plant. Analyst James Karakatsanis now expects flat production from Walyering, having previously forecast it to rise. "We think it is prudent to gauge new management (interim and incoming) before taking a view of the productive capabilities of the Walyering gas plant," says Wilsons, which rates Strike a buy. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 02, 2025 17:13 ET (22:13 GMT)
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