ORG - Credit Suisse rates the stock as Outperform
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With market dynamics playing into the company's hands and the APLNG operations strong, Credit Suisse believes market optimism on the stock is not without merit.
The value of the company's flexible generation portfolio is exposed as the electricity market evolves to higher peak prices and volatility. This suggests to the broker that there is upside available despite the oil price risks. Outperform rating and $7.00 target retained.
Target price is $7.00.Current Price is $7.46. Difference: ($0.46) - (brackets indicate current price is over target). If ORG meets the Credit Suisse target it will return approximately -7% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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