** Morningstar forecasts EBITDA CAGR for Viva Energy VEA.AX of 11% to A$1.2 billion by 2029
* Increases 2025 dividends-per-share estimates by 16% to A$0.09
** The refined fuel retailer on Thursday reported stronger than expected fourth-quarter refinery margin of $12.1/bbl and 1.1% y-o-y rise in total group sales volumes
** 6 of 10 analysts rate the stock "buy" or higher, 4 "hold"; their median PT is A$2.4 – according to data compiled by LSEG
** Stock ended down 22.1% in 2025
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.Shaikh@thomsonreuters.com;))