Updates with Macquarie comments, share moves

** Shares of Australia's Origin Energy ORG.AX drop 2.1% to A$10.23, their lowest level since mid November

** Analysts at Macquarie lower price target on the energy retailer to A$10 from A$10.35; downgrade rating to "Neutral" from "Outperform"

** Citi slashes PT on the power producer by 8% to A$11.50; maintains "Buy" rating

** Macquarie says ORG's valuation is stretched and cashflows levels are soft

** Citi expects FY25 energy market EBITDA will decrease by 8% to A$1.141 billion ($702.5 million) for ORG

** Macquarie says lower production forecast from the Australia Pacific LNG (APLNG) project is likely to transpose into lower volumes in FY25-28

** Stock down 6.1%, YTD

($1 = 1.6242 Australian dollars)

(Reporting by Rishav Chatterjee and Sherin Sunny in Bengaluru; Editing by Lisa Shumaker)

((Sherin.Sunny@thomsonreuters.com;))