Australia's Boss Energy rises to 1-month high as Citi raises PT
BUZZ-Australia's Boss Energy rises to 1-month high as Citi raises PT ** Shares of Boss Energy BOE.AX up 5.4% at A$1.57, their highest level since October 2
** Citi raises price target for Australia's Boss Energy BOE.AX to A$1.75 from A$1.45 with a "BUY" rating, to reflect increased confidence in existing and adjacent uranium deposits
** The brokerage, however, reduces its FY27 core NPAT by 21% after factoring in weaker-than-expected Q1 FY27 sales and its revised outlook on uranium price for Q2 FY27
** Citi's FY28 core NPAT forecast for the uranium miner remains broadly unchanged
** Given the strong operational performance to date and the ramp-up of new production areas, we see a credible pathway for production to surprise to the upside - Citi
** BOE's flagship Honeymoon project in South Australia on Wednesday logged drummed output of 359klbs in the Sept quarter
** Stock up 1.7% for the year, including the session's moves
(Reporting by Tejas Harish in Bengaluru)
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