Citi raises Woodside PT; says HY forecast signals modest earnings downside
BUZZ-Citi raises Woodside PT; says HY forecast signals modest earnings downside ** Analysts at Citi say Woodside Energy's WDS.AX 1H26 line-item guidance implies a modest downside to consensus earnings forecasts and a larger miss versus the brokerage's estimates
** Adds forecast is roughly 2% downgrade to consensus core NPAT forecasts and is about 10% below Citi's estimate
** Citi sees interim dividend of 68 U.S. cents per share
** Cuts CY26 earnings forecasts on higher one-off costs and lower second-quarter LNG production, partly offset by stronger production from the Sangomar field
** "WDS posted yet another strong operational JunQ result, with Sangomar continuing to outperform" - Citi
** Citi remains "neutral" rated on Woodside, hikes target price to A$32.25 per share from A$29.50 apiece
** Stock has fallen about 40% so far this year
(Reporting by Rajasik Mukherjee in Bengaluru)
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