Argus Upgrades BP (BP) to Buy

Argus upgraded BP (NYSE: BP) from Hold to Buy with a price target of $42.00.

The firm said they expect the company to benefit from the recently announced $18.7B oil spill settlement, which eliminates a worst-case scenario.

For an analyst ratings summary and ratings history on BP click here. For more ratings news on BP click here.

Shares of BP closed at $37.39 yesterday.

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