Morgan Stanley rates VEA as Equal-weight

Published: 2026-05-12 20:31:08 ET MS

Published on 05/12/2026 at 08:31 pm EDT

Morgan Stanley observes the finalised fuel security and resilience policy noted in the Commonwealth budget is a small positive for Viva Energy as financial support for fuel purchases over the near term has been confirmed.

The company's Geelong refinery is running at 60% petrol capacity and 80% diesel and jet fuel, with a target of more than 90% from May 27, 2026.

Equal-weight with a $2.56 target. Industry view: In-Line.

Sector: Energy.

Target price is $2.56.Current Price is $2.19. Difference: $0.37 - (brackets indicate current price is over target). If VEA meets the Morgan Stanley target it will return approximately 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).