Exane BNP Paribas upgraded OMV AG to Outperform from Neutral with a EUR 36 price target The firm says “substantial excess” OPEC+ capacity is “hanging over” the oil and gas sector “like the Sword of Damocles.” With a weaker macro outlook the analyst downgraded the most refining-exposed names. Exane upgraded OMV citing improved petrochemical margins.
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Read More on OMVKY:
- OMV AG price target lowered to EUR 44.20 from EUR 46.10 at Morgan Stanley
- OMV AG price target lowered to EUR 45 from EUR 50 at Barclays
- OMV AG downgraded to Hold from Buy at Kepler Cheuvreux
- OMV AG upgraded to Overweight from Neutral at JPMorgan
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