Woodside Energy's Share Price Too Hot for Morgans -- Market Talk
Dow Jones04-07
0035 GMT - Morgans downgrades Woodside Energy to hold, from accumulate, as investors bet that the energy crisis caused by the Iran conflict has legs. Woodside rises 0.5% to A$35.11 today, meaning it's now trading at a premium to Morgans's price target of A$33.40/share. "More upside is certainly possible, with the Iran conflict ongoing and supply still impacted, but the margin of safety that underpinned our constructive rating has been eliminated by the share price strength," analyst Adrian Prendergast says.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 06, 2026 20:35 ET (00:35 GMT)
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