Morgan Stanley analyst Guilherme Levy has maintained their neutral stance on 0B67 stock, giving a Hold rating on April 3.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Guilherme Levy has given his Hold rating due to a combination of factors related to Galp’s latest strategic move. The company is acquiring a 351 MW portfolio of onshore wind assets in Spain at a valuation of about €1.2 million per MW, a deal that fits within its stated investment budget and supports diversification into renewables while maintaining financial discipline.
At the same time, Galp’s robust balance sheet and the supportive oil price backdrop could have enabled a stronger emphasis on expanding its Upstream business, which investors currently appear to favor over additional renewables spending. As a result, Levy acknowledges the strategic merits of the wind acquisition but sees the overall risk‑reward as balanced rather than compelling, leading him to maintain an Equal-weight, or Hold, stance on the shares.
In another report released on April 3, Jefferies also upgraded the stock to a Hold with a €20.00 price target.