UBS raised the price target on Caltex Australia to $34.30 a share from $33.97 previously and kept a "neutral" rating on the stock.
"CTX is set to report a record RCOP NPAT of $599 million in 2015E (+21 per cent on 2014), driven by higher Caltex refiner margin ($US16.4/bbl 2015 YTD vs $US10.7/bbl in 2014) and lower AUD.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
