** Analysts at Citi downgrade FY24 core net profit expectation for oil and gas producer Beach Energy by 10% due to a softer production outlook
** The company revised its FY24 production outlook to 18–18.5 MMboe from 18–20 MMboe
** Brokerage sees weather related issues in Cooper basin in South Australia to be isolated to FY24; expects FY25 production up 37%
** Retains target price of A$1.70 and "buy" rating
** Shares, however, rises as much as 0.9% at A$1.610
** Stock down 0.3% this year, as of last close
(Reporting by Megha Rani in Bengaluru)
((Megha.Rani2@thomsonreuters.com;))
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