BUZZ-Jefferies lowers Viva Energy's PT ahead of refining challenging Q3 update

Reuters

Oct 17, 2024

** Analysts at Jefferies lower price target on Australia's Viva Energy to A$3.3 from A$3.75

** Brokerage expects a modest Q3 EBITDA loss for the fuel retailer's Geelong refinery operations

** Says refining has been challenging in Q3 with bigger rival Ampol posting a dismal Q3 update

** Prevailing refining environment has been subdued, and we forecast Geelong refining margin of US$6.60/bbl for VEA in Q3 — brokerage

** Jefferies, however, says co's commercial & industrial operation has likely continued to deliver, and convenience & mobility conditions have improved somewhat

** Maintains "buy" rating on stock

** VEA has fallen 16.6% YTD, as of last close

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))

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industrial operation has likely continued to deliver, and convenience &amp; mobility conditions have improved somewhat</p><p>   ** Maintains \"buy\" rating on stock</p><p>   ** VEA has fallen 16.6% YTD, as of last close </p><p> (Reporting by Rishav Chatterjee in Bengaluru)</p><p>((Rishav.Chatterjee@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Jefferies lowers Viva Energy's PT ahead of refining challenging Q3 update</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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industrial operation has likely continued to deliver, and convenience &amp; mobility conditions have improved somewhat</p><p>   ** Maintains \"buy\" rating on stock</p><p>   ** VEA has fallen 16.6% YTD, as of last close </p><p> (Reporting by Rishav Chatterjee in Bengaluru)</p><p>((Rishav.Chatterjee@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7005","symbol_name":"零售业房地产投资信托","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2476692974","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476692974","pubTimestamp":1729105017,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Analysts at Jefferies lower price target on Australia's Viva Energy    to A$3.3 from A$3.75   ** Brokerage expects a modest Q3 EBITDA loss for the fuel retailer's Geelong refinery operations   ** Says refining has been challenging in Q3 with bigger rival Ampol    posting a dismal Q3 update   ** Prevailing refining environment has been subdued, and we forecast Geelong refining margin of US$6.60/bbl for VEA in Q3 — brokerage   ** Jefferies, however, says co's commercial & industrial operation has likely continued to deliver, and convenience & mobility conditions have improved somewhat   ** Maintains \"buy\" rating on stock   ** VEA has fallen 16.6% YTD, as of last close  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7005":"零售业房地产投资信托","BK7065":"石油与天然气的炼制和营销","WPR.AU":"WAYPOINT REIT","ALD.AU":"AMPOL LTD","VEA.AU":"VIVA ENERGY GROUP LTD","BK7162":"零售房地产信托"},"translate_title":"BUZZ-Jefferies在炼油充满挑战的第三季度更新之前降低了Viva Energy的PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VEA.AU":0.9,"ALD.AU":0.9,"WPR.AU":0.9},"content_text":"** Analysts at Jefferies lower price target on Australia's Viva Energy    to A$3.3 from A$3.75   ** Brokerage expects a modest Q3 EBITDA loss for the fuel retailer's Geelong refinery operations   ** Says refining has been challenging in Q3 with bigger rival Ampol    posting a dismal Q3 update   ** Prevailing refining environment has been subdued, and we forecast Geelong refining margin of US$6.60/bbl for VEA in Q3 — brokerage   ** Jefferies, however, says co's commercial & industrial operation has likely continued to deliver, and convenience & mobility conditions have improved somewhat   ** Maintains \"buy\" rating on stock   ** VEA has fallen 16.6% YTD, as of last close  (Reporting by Rishav Chatterjee in Bengaluru)((Rishav.Chatterjee@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}