BUZZ-Australia's AGL Energy rises as Macquarie hikes PT on earnings upgrade

Reuters05-08

** Shares of Australia's AGL Energy rise as much as 1.5% to A$10.16, their highest since Nov.23, 2023

** Analysts at Macquarie raise price target on the power retailer to A$10.3 from A$9.60

** AGL on Tuesday upgraded its annual earnings estimates citing strong summer demand and improved operating performance

** Brokerage has neutral rating on stock

** Seven of 10 analysts rate the stock "buy" or higher and three "hold"; their median PT is A$11.15 – LSEG data

** Stock had fallen 5.6% this year, as of last close

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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