Jefferies analyst Mark Wilson downgraded Tullow Oil to Underperform from Hold with a price target of 27 GBp, down from 35 GBp. The key variable for E&P stock performance is visible, derisked production growth, argues the analyst, who sees growth and returns being constrained for Tullow.
Claim 70% 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>>