Goldman Sachs analyst Daniela Costa has reiterated their bullish stance on BP stock, giving a Buy rating yesterday.
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Daniela Costa has given his Buy rating due to a combination of factors that highlight BP’s improving fundamentals and positioning. He sees the company’s renewed focus on fortifying its balance sheet and restoring growth as setting a more resilient base for future cash generation and shareholder returns.
He also views BP’s strategic direction, capital discipline, and leverage reduction as supportive of a rerating versus peers. In his assessment, this financial strengthening, coupled with clearer growth visibility, offers an appealing risk‑reward profile that justifies a Buy recommendation on the stock.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a £5.90 price target.