Accueil > Actualité
Actualite financiere : Actualite bourse

BP: Jefferies downgrades to 'Hold'

(CercleFinance.com) - In its sector comments, Jefferies announced that it is downgrading its rating on the BP share from Buy to Hold, having cut its corresponding target price from 590 pence to 280 pence.


"We expect the 1H20 will be the most oversupplied the oil market has been in the modern era. We note that while a rapprochement between the Saudis and the Russians could still happen, the base case for oil prices is still bleak, and we cut our Brent forecast," Jefferies says.


Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.