Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 22 : 1-Nov-19
Macquarie Wealth Management has reiterated its ‘underperform’ rating on AGL Energy, following the power company’s annual investor briefing. Analysts note that AGL will have to spend billions on clean energy sources to replace the coal and gas-fired power stations that it intends to close over the next few years. RBC Capital Markets has a ‘sector perform’ recommendation on AGL, with analyst James Nevin saying AGL appears to be positioning itself to respond to the changing and uncertain market.
AGL ENERGY LIMITED – ASX AGL, MACQUARIE WEALTH MANAGEMENT, RBC CAPITAL MARKETS