Barclays Upgrades BP (BP) to Equalweight Following Rosneft, Kara Sea News

May 9, 2011 9:26 AM EDT
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Price: $44.76 -0.84%

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 Barclays upgraded shares of BP (NYSE: BP) from Underweight to Equalweight Monday morning.

The upgrade follows news Friday that BP has been cleared for a share swap with Rosneft and exploration in the Kara Sea.

The stock rose 1.8 percent on Friday and is continuing higher this morning, now up 0.5 percent to $44.52.

For more ratings news on BP click here and for the rating history of BP click here.


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