In the good books
BEACH ENERGY (BPT) was upgraded to Outperform from Neutral by Credit Suisse and to Add from Hold by Morgans
Credit Suisse observes the market appears to be doubting or fearing the FY20 capital expenditure guidance, after the stock slumped -11% versus its peers. The broker suspects the company was getting the negative news out of the way and is poised to deliver an upgrade to the long-term production outlook in August. Several positive catalysts are anticipated in the next six months and Credit Suisse upgrades to Outperform from Neutral. Target is $2.49.