A  $9/share consortium takeover offer values Origin Energy above Morgan Stanley's base case valuation of $8.23/share.

The broker sees positive implications for AGL Energy.

Industry view is Cautious. Stock-specific view: Equal-weight. Target $8.01.

Sector: Utilities.

Target price is $8.01.Current Price is $7.55. Difference: $0.46 - (brackets indicate current price is over target). If AGL meets the Morgan Stanley target it will return approximately 6% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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