JPMorgan analyst Matthew Lofting last night upgraded Galp Energia (GLPEY) to Overweight from Neutral with a price target of EUR 19.50, up from EUR 15. The firm says Galp’s “low cost growth optionality” stands out in the European oil and gas group while its proposed downstream combination with Moeve increases the potential to unlock value.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLPEY:
- Galp Energia upgraded to Overweight from Neutral at JPMorgan
- Galp Energia downgraded to Underperform from Hold at Jefferies
- Galp Energia upgraded to Overweight from Equal Weight at Morgan Stanley
- GALP Energia: Share Price Pullback Creates Compelling Value Ahead of 2026 Catalysts
- Galp Energia downgraded to Hold from Buy at Jefferies