Barclays upgraded Repsol to Overweight from Equal Weight with an unchanged price target of EUR 25. The analyst sees the era of cheap energy as over for at least the next three years, and given record free cash flow from higher prices, the firm says large cap names “could lead markets for years to come.”
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Read More on REPYY:
- Repsol price target raised to EUR 20 from EUR 19 at Goldman Sachs
- Repsol upgraded to Neutral from Underweight at JPMorgan
- Repsol upgraded to Overweight from Equal Weight at Morgan Stanley
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