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Jefferies upgraded Energean to hold from underperform, saying the risk/reward is now more reasonably priced after stock weakness year to date. The firm set a price target of 800p, citing revised commodity prices and updated tax model assumptions.
Jefferies’ Mark Wilson upgraded Energean to hold from underperform and raised its target price to 800 pence from 680 pence, citing a more attractive risk/reward profile after year-to-date share-price weakness.