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Stock impact report

BP Downgraded to ‘Sell', Price Target Maintained at $37 [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
BP p.l.c. (NYSE: BP ) is included among the 14 Best LNG Stocks to Buy Now BP Downgraded to 'Sell', Price Target Maintained at $37 BP p.l.c. (NYSE:BP) is a British multinational company recognized worldwide for quality gasoline, transport fuels, chemicals, and alternative sources of energy such as wind and biofuels. On February 13, Freedom Finance analyst Sergey Pigarev downgraded BP p.l.c. (NYSE:BP) from ‘Hold' to ‘Sell', while keeping its price target on the stock unchanged at $37. The downgrade comes after the analyst viewed the energy giant's Q4 results as soft. The analyst highlighted that BP suspended its stock buyback program amid the low-priced environment, while any further oil market weakness could weigh ‘materially' on its earnings. BP p.l.c. (NYSE:BP) is now the only top-five oil major without a share repurchase program. The unpopular strategic move comes as the company decided to prioritize production growth over shareholder payouts, allowing it to repair its shak Show less Read more
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