Morgan Stanley upgraded Galp Energia (GLPEY) to Equal Weight from Underweight with an unchanged price target of EUR 15.20. The firm sees upside potential for the Mopane farm-down and notes Galp has underperformed the sector by 20% year-to-date.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLPEY: