Wells Fargo Maintains Equal-Weight on BP, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on BP and lowered the price target from $35 to $33.
October 30, 2024 | 2:59 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Wells Fargo has maintained its Equal-Weight rating on BP but has lowered the price target from $35 to $33, indicating a slightly less optimistic outlook.
The lowering of the price target by Wells Fargo suggests a less optimistic view on BP's stock performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100