Morgan Stanley notes its price target for upstream energy stocks is around -11% below consensus even after negative EPS revisions for several quarters.

The broker's preferred stock is Santos ((STO)).

An upcoming catalyst for Karoon Energy is a guidance update expected in mid-2025.

Equal-weight. Target price $1.67..

Sector: Energy.

Target price is $1.67.Current Price is $1.48. Difference: $0.19 - (brackets indicate current price is over target). If KAR meets the Morgan Stanley target it will return approximately 11% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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