Morgan Stanley updates energy price forecasts for its research coverage of Australian Energy and reviews upcoming quarterly results.

For Santos, the broker is looking for management commentary on progress at Barossa, Papua LNF timeline updates and the date for the start up of Moomba CCS.

The Equal-weight rating is maintained and the target rises to $8.00 from $7.77. Industry view: Attractive. 

Sector: Energy.

Target price is $8.00.Current Price is $7.76. Difference: $0.24 - (brackets indicate current price is over target). If STO meets the Morgan Stanley target it will return approximately 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2024 Acquisdata Pty Ltd., source FN Arena