In the good books
AGL ENERGY LIMITED (AGL) Upgraded to Buy from Neutral by Citi B/H/S: 6/1/0
While the devil may yet reveal itself into the details of the government's new energy policy, labelled the National Energy Guarantee (NEG), Citi analysts have taken the view that the result will likely be to the benefit of AGL Energy. As they are of the opinion the political risk has now abated, the rating has been up graded to Buy from Neutral. Target price lifts to $26.88 from $25.52.