Beach Energy cut to "neutral" at Credit Suisse

The investment bank lowers its forecast as Beach misses its full-year production guidance and sets an outlook that doesn't live up to its expectations.

Credit Suisse has cuts its recommendation on Beach energy after the oil and gas company marginally missed its full-year production guidance and set a weaker-than-expected outlook for 2013-14.

The investment bank downgraded its rating to "neutral" from "outperform" and lowered its price target on the stock by 10 cents to $1.50.

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