bp: UBS says buy pending annual results
(CercleFinance.com) - UBS confirms its 'buy' recommendation on bp, along with its target price of 525 pence, implying 35% upside potential for the stock, ahead of the British energy giant's 2024 annual results scheduled for 11 February.
The broker sees this meeting as a 'chance to improve the narrative', also
mentioning a possible downward revision of capex, and an inexpensive valuation, with upside potential for 2025 estimates.
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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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The broker sees this meeting as a 'chance to improve the narrative', also
mentioning a possible downward revision of capex, and an inexpensive valuation, with upside potential for 2025 estimates.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.