Morgan Stanley Downgrades BP to Equal-Weight, Lowers Price Target to $41.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded BP from Overweight to Equal-Weight and lowered its price target from $49.9 to $41.5.
July 15, 2024 | 10:01 am
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Morgan Stanley analyst Martijn Rats has downgraded BP from Overweight to Equal-Weight and reduced the price target from $49.9 to $41.5.
The downgrade from Overweight to Equal-Weight and the significant reduction in the price target from $49.9 to $41.5 by a major financial institution like Morgan Stanley is likely to negatively impact BP's stock price in the short term.
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