Citi downgraded Galp Energia (GLPEY) to Neutral from Buy with a price target of EUR 15, down from EUR 23. The firm says the sale price of 40% of the company’s Mopane asset to TotalEnergies (TTE) is lower than expected.
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 GLPEY:
- Optimistic Buy Rating for GALP Energia SGPS Amid Strategic Investments and Market Confidence
- Galp Energia price target lowered to EUR 21 from EUR 23 at Jefferies
- Galp Energia price target raised to EUR 19 from EUR 18.50 at Berenberg
- Galp Energia upgraded to Overweight from Equal Weight at Barclays
- Galp Energia’s Earnings Call Highlights Strong Performance Amid Challenges