Close

UPDATE: Morgan Stanley Upgrades BP (BP) to Overweight

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/9/2023

1. TSLA
2. GM
3. SPY
4. BRZE
5. DOCU
6. F
7. ADBE
8. MTN
9. CHPT
10. NIO


September 5, 2018 5:02 AM EDT
Get Alerts BP Hot Sheet
Price: $35.53 -0.78%

Rating Summary:
    24 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 8 | New: 14
Join SI Premium – FREE
(Updated - September 5, 2018 6:39 AM EDT)

(updated to add analyst comment)

Morgan Stanley analyst Martijn Rats upgraded BP (NYSE: BP) from Equalweight to Overweight.

The analyst views the upcoming CapEx cycle as positive and notes recent nonperformance of the equity in recent months as investors digest the BHP acquisition. He says the company continues to stand out among European majors given his high dividend yield and underappreciated FCF growth prospects.

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 $42.72 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Hot Upgrades, Upgrades

Related Entities

Morgan Stanley, Definitive Agreement