In the good books
1. AGL ENERGY (AGL) was upgraded to Neutral from Underperform by Credit Suisse
Credit Suisse expects the company's retail gross margins to bottom in FY20 and net margins to bottom in FY19. AGL Energy is expected to report FY19 net profit of $1.01bn, just below the mid-point of guidance. The broker upgrades to Neutral from Underperform as the stock has underperformed its historical correlation to bonds and utility peers. Target is raised to $19.20 from $18.30.