Piper Sandler Downgrades BP to Neutral
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Ryan Todd has downgraded BP (NYSE:BP) from Overweight to Neutral, indicating a change in the firm's outlook on the stock.
January 08, 2024 | 3:17 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
BP's stock rating has been downgraded by Piper Sandler from Overweight to Neutral, which may lead to a negative perception among investors.
Downgrades by analysts can lead to a negative short-term reaction in the stock market as they may signal a change in the company's future earnings potential or market position.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100