0447 GMT - Ampol's bull at Barrenjoey sees the sale of its loss-making retail electricity businesses further improving the investment thesis for the Australian fuel refiner and retailer. Analyst Dale Koenders writes in a note that the divestment provides an incremental uplift of about A$30 million to annual Ebitda. He expects about A$10 million in transaction costs and redundancies to be recognized as a significant item in Ampol's accounts. Barrenjoey raises its target price by 2.9% to A$35.00 and maintains an overweight rating on the stock. Shares are up 1.2% at A$26.07. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 00:47 ET (04:47 GMT)
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