0254 GMT - Macquarie downgrades Australian uranium companies Paladin Energy and Boss Energy after recent share-price gains. The bank shifts its rating on Paladin to neutral from outperform, saying it is "time for a pause." The stock is up sharply since a September equity raise, closing the gap on the bank's valuation estimate, Macquarie says. It keeps a A$11.10 target on the stock. Paladin rises 5.4% to A$11.25. For Boss, it is "back to the drawing board" after an underwhelming update on its Honeymoon mine, says Macquarie. While Boss will try to accelerate satellite deposits and lower costs, "this needs to be proven," the bank says. It downgrades Boss to underperform from neutral. Macquarie reiterates a A$1.25 target on the stock. Boss is up 1.0% at A$1.59. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 15, 2026 21:54 ET (02:54 GMT)
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