Jefferies raised the firm’s price target on BP (BP) to 440 GBp from 420 GBp and keeps a Hold rating on the shares. The firm said it is maintaining its Hold view ahead of the company’s new CEO starting and including balance sheet gearing analysis in the view.
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
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BP:
- Jefferies Slashes Forecast on First Solar Stock (FSLR) as Market Reality Hits Home
- Trump Trade: Trump says Venezuela to give U.S. up to 50M barrels of oil
- Trump says Venezuela to give U.S. up to 50M barrels of oil
- Corteva, BP launch 50:50 joint venture
- BP price target lowered to 415 GBp from 456 GBp at Morgan Stanley