Brighter future on the horizon for Ampol

RBC Capital Markets has upgraded its target price for Ampol as refiner margins pick up, and expects volumes to increase as Australia emerges from lockdown while it works towards acquiring New Zealand’s Z Energy.

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Economy reopening and Z Energy acquisition bode well: RBC

RBC analyst Gordon Ramsay wrote in a research note today that regional refining margins have improved over the September quarter, increasing the bank's Lytton refinery margin forecast for the second