BP price target raised to $37 from $34 at TD Cowen

TD Cowen raised the firm’s price target on BP (BP) to $37 from $34 and keeps a Hold rating on the shares. The firm said earnings were helped by strong operations and trading that outperformed peers. Cowen said they are hesitant to extrapolate a strong result after 1Q25 was weaker than anticipated, though results are encouraging.