BUZZ-Morgan Stanley lowers PT on Australia's AGL Energy

Reuters
16 hours ago
BUZZ-<a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> lowers PT on Australia's AGL Energy

** Morgan Stanley analysts lower price target on Australia's AGL Energy AGL.AX to A$11.88 ($7.52) from A$12.66; upgrade stock to "equal-weight" from "over-weight"

** Says PT cut on AGL comes after co lowered its earnings forecast

** Stock upgrade as brokerage prefers AGL over its rival Origin Energy ORG.AX on account of the former's data centre leverage and valuation

** Five of 10 analysts rate the stock "buy" or higher, four "hold" and one "sell"; their median PT is A$12.1 — LSEG data

** Stock down 6.6% YTD

($1 = 1.5795 Australian dollars)

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))

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