** Shares of Australia's Viva Energy VEA.AX fall 1.11% to A$2.6, their lowest levels since Dec 24, 2024
** Analysts at UBS lower price target on the fuel retailer to A$3.2 from A$3.4, and maintain "buy" rating on stock
** Viva said on Tuesday it expected annual EBITDA from convenience and mobility (C&I) business to be around the bottom of its outlook range of A$230 mln ($143.36 mln) to A$260 mln
** Co posted margin at its Geelong refinery of $6.7/BBL, about 24% lower than last year's levels
** The investment research firm says refining outlook remains challenging for the sector and co's brand recognition will remain an uncertainty
** UBS lowers earnings expectations on Viva for 2024 by 18% to reflect weaker December quarter refining EBITDA and group guidance
** Cuts 2025 earnings by 15% after taking into account a softer refining outlook
** Stock down 1.1% YTD
($1 = 1.6044 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru)
((Sameer.Manekar@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.