Collins Stewart Cuts BP (BP) to Sell; Stock Tumbling in Pre-Open Trade
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Price: $45.19 +0.11%
Rating Summary:
22 Buy, 14 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
22 Buy, 14 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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An analyst at Collins Stewart downgraded shares of BP (NYSE: BP) from Hold to Sell Tuesday morning.
The firm believes the stock will be weak amid concerns related to Russia and a lack of growth catalysts. Collins Stewart sees BP underperforming peers from here on out, recommending Shell as a better UK integrated oil play.
Shares of BP are down more than 2.5 percent to $44.83 in pre-market action.
For more ratings news on BP click here and for the rating history of BP click here.
The firm believes the stock will be weak amid concerns related to Russia and a lack of growth catalysts. Collins Stewart sees BP underperforming peers from here on out, recommending Shell as a better UK integrated oil play.
Shares of BP are down more than 2.5 percent to $44.83 in pre-market action.
For more ratings news on BP click here and for the rating history of BP click here.
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