Scotiabank Downgrades BP to Sector Perform, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng has downgraded BP from Sector Outperform to Sector Perform and reduced the price target from $42 to $36.
October 10, 2024 | 1:21 pm
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NEGATIVE IMPACT
Scotiabank has downgraded BP from Sector Outperform to Sector Perform, reducing the price target from $42 to $36, indicating a less optimistic outlook.
The downgrade from Sector Outperform to Sector Perform suggests a less favorable view on BP's stock performance. The lowered price target from $42 to $36 indicates reduced expectations for BP's future stock price, likely leading to a negative short-term impact on BP's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100