Woodside Petroleum (WPL) Stock Recommendation

Submitted by Craig Strzelecki on Tue, 20/06/2006 - 11:00.

UBS has rated Woodside Petroleum (WPL) with a Buy 1 recommendation with a share price target of $46.84. The upgrade move comes after the recent share price correction, and the broker sees this as a long term buying opportunity for this oil company. UBS rates Woodside Petroleum as "one of Australia's best long term resource sector investments, due to its high quality asset base which has potential to support an exceptional forward growth profile." Woodside Petroleum Limited is listed on the Australian Stock Exchange (ASX) under stock code WPL. Check your charts!

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