BP Faces Price Forecast Cuts As Analysts Flag Weak Earnings And Rising Debt Challenges
Portfolio Pulse from Lekha Gupta
BP's stock price targets have been cut by analysts due to weak earnings and rising debt. BP's Q3 revenue fell short, and analysts expect further challenges without an improved macroeconomic environment. RBC and Goldman Sachs have lowered their price targets, citing lower refining earnings and increased debt.
October 30, 2024 | 5:52 pm
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BP's stock price targets have been reduced by analysts due to weak Q3 earnings and rising debt. RBC and Goldman Sachs have lowered their price targets, citing lower refining earnings and increased debt.
BP's Q3 revenue missed expectations, and analysts have lowered price targets due to weak earnings and rising debt. RBC and Goldman Sachs have both reduced their targets, indicating a negative short-term outlook for BP's stock.
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