JPMorgan analyst Matthew Lofting double upgraded Repsol (REPYY) to Overweight from Underweight with a price target of EUR 15.50, up from EUR 12. The firm says diesel-led refining names offer a hedge against a strengthening oil price. It recommends Repsol given its leading leverage to diesel and any OPEC stimulated widening in crude spreads.
Claim 70% Off TipRanks This Holiday Season
- 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 REPYY: