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Stock impact report

BP Upgraded to ‘Buy' at UBS [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 a British multinational company recognized worldwide for quality gasoline, transport fuels, chemicals, and alternative sources of energy such as wind and biofuels. On April 15, UBS analyst Joshua Stone upgraded BP p.l.c. (NYSE:BP) from ‘Neutral' to ‘Buy', while also boosting its price target from £650 to £700. The raised target indicates an upside of over 20% from the current levels. According to Mr. Stone, BP's new CEO, Meg O'Neill, “takes over at a critical turning point for the company.” The analyst outlined that the current high-priced environment amid the Middle East conflict is “undoubtedly positive” for the energy giant and there are “plenty of catalysts in 2026”. However, the London-based company still has work to do to regain investor confidence and reverse the decline it has witnessed compared to its peers since 2018. Joshua Stone highlighted right-sizing the company's cost base as a key area for BP p.l.c. (NYSE:BP) to focus on, since the compan Show less Read more
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