RBC Capital Downgrades BP to Sector Perform
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Biraj Borkhataria has downgraded BP (NYSE:BP) from Outperform to Sector Perform.
August 07, 2024 | 3:19 pm
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RBC Capital has downgraded BP from Outperform to Sector Perform, which may indicate a less optimistic outlook for the company's stock performance.
The downgrade from Outperform to Sector Perform by RBC Capital suggests that the analyst sees less potential for BP's stock to outperform its sector peers. This could lead to a negative short-term impact on BP's stock price as investors may adjust their expectations.
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