The oil-and-gas company recently backed its medium-term production targets of above 200,000 daily oil-equivalent barrels in 2H 2024, which illustrates confidence that the initial hick-ups at Karish have been rectified, the analysts say. Berenberg cut its price target on the stock to 1,555 pence from 1,570 pence, while keeping a buy rating. Shares trade at 482.5 pence, having reversed losses to date to trade up 9.7% since the start of the year. Numis keeps its buy rating on the stock but trims its target price by 5% to 1,080 pence. The online tickets operator's value lies within its extensive coverage of the U.K. rail network, with the industry's increased digitalization for consumer tickets likely to continue benefiting it over the medium and long term, the analysts say.

Source: Wall Street Journal September 14, 2023 14:11 UTC