Morgan Stanley upgraded Galp Energia (GLPEY) to Equal Weight from Underweight with a price target of EUR 15.20, down from EUR 15.40. The firm sees upside potential for the Mopane farm-down and notes Galp has underperformed the sector by 20% year-to-date.
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: