BUZZ-Analysts lift ratings on Australia's Origin but target still below last close

Reuters
Aug 15
BUZZ-Analysts lift ratings on Australia's Origin but target still below last close

Aug 14 (Reuters) - ** Analysts at Jefferies raise PT on Australia's Origin Energy ORG.AX to A$13.15 from A$12.34; while Morningstar lifts fair value estimate by 15% to A$10

** Jefferies notes Origin's annual results underscore strong performance of its energy markets division, driven by growing strategic value of its peaking and flexible generation assets

** Australia's top electricity and gas retailer posted a 26% climb in FY25 profit to A$1.49 billion ($967.90 million)

** Brokerage revises FY26 EBITDA outlook for energy markets business to A$1.65 billion, near the top-end of the co's guidance range of A$1.4-1.7 billion

** Morningstar upgrades medium term forecasts for co's energy markets segment and its share of profits from UK's Octopus Energy by 6% and 18%, respectively

** ORG last closed up 6.3% at A$12.59, its highest level since November 2014; YTD up 15.5%

($1 = 1.5394 Australian dollars)

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.SinghChundawat@thomsonreuters.com;))

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