Wells Fargo Maintains Equal-Weight on BP, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on BP but has lowered the price target from $39 to $35.
September 27, 2024 | 3:26 pm
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Wells Fargo has maintained an Equal-Weight rating on BP but reduced the price target from $39 to $35, indicating a less optimistic outlook.
The lowering of the price target by Wells Fargo suggests a less optimistic view on BP's short-term performance, which could lead to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100