BP price target raised to $43 from $42 at Scotiabank

Scotiabank raised the firm’s price target on BP (BP) to $43 from $42 and keeps an Outperform rating on the shares. The firm is updating its price targets for U.S. Integrated Oil, Refining, and Large Cap E&P stocks under its coverage, the analyst tells investors. While the firm’s latest forecast is above consensus, the revised estimates are “disappointing” compared to what industry margin indicators originally suggested.